Former Ecuadorian official accused in bribery scandal has ties to SoFla properties

Carlos Polit, the former chief auditor of Ecuador, and his son are tied to three properties in the Miami area

Mar.March 28, 2019 03:40 PM

From left: 1902 SW 22nd Street, 8112 Los Pinos Circle, and Carlos Polit (Credit: Getty Images, Weichert, and Realtor)

As South Florida real estate has long served as a place for wealthy Latin Americans to park their money, an investigation reveals the family of a disgraced former Ecuadorian official, Carlos Polit, has ties to three Miami area properties.

Polit was given a six-year prison sentence last year for collecting a bribe from the Brazilian construction firm Odebrecht, while his son John was given three years for being an accomplice, the Miami Herald reported. Carlos Polit fled to Miami and was named a fugitive by Ecuador in June 2017, but his son has gone back and forth between Miami and Ecuador, according to the Herald.

Prosectors in Ecuador alleged that Carlos Polit, who held the position of Ecuador’s top auditor, solicited a $10.1 million bribe from the construction company Odebrecht. The bribe was part of a larger bribery scandal for Odebrecht, which allegedly paid Brazilian and Ecuadorian government officials in exchange for government contracts.

All the Miami real estate purchases were made by cash in the names of limited liability companies prior to Carlos Polit’s sentencing, but the Herald reported that mortgages were signed by John Polit.

The three purchases of their South Florida property totaled about $7 million. They include:

–8112 Los Pinos Circle: a home in Coral Gables, purchased for $3.4 million in February 2016.

–1830 Coral Way: A small office building, bought for $1.8 million in 2013.

–1902 Southwest 22nd Street: An office building near downtown Miami, purchased for $2.67 million in June 2016.

Late last year, a number of wealthy Venezuelans were charged by federal officials of laundering money from the country’s state oil company into luxury real estate in South Florida, including two properties in Dezer Development’s Porsche Design Tower in Sunny Isles Beach.

[Miami Herald]Keith Larsen

Related Articles

Best of TRD 2019 promo

Coming soon: The Real Deal’s Best of 2019

A rendering of CocoWalk (Credit: iStock)

Sweetgreen expanding to Florida with first locations in Miami

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

5400 Hammock Drive and Timbaland (Credit: Getty Images)

Timbaland drops $8M on Coral Gables mansion

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

506 Sunset Drive and Justise Winslow (Credit: Getty Images)

Justise Winslow scores Coral Gables home

Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

Daily Digest Miami

Ten-X Commercial laid off half of its workforce, Miami professor who taught class on money laundering allegedly laundered millions