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

TRD MIAMI /
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

arrow_forward_ios
Daily Digest Miami

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

 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Office rents rise across SoFla

Here’s why office rents are going up in South Florida

601 Leucadendra Drive (Credit: Zillow)

Manufacturing CEO sells Gables Estates mansion for $12M

From left: BGI Capital’s Kenneth A. Baboun and Robert Barthelmess, 299 Alhambra Circle, Local Ventures' Rishi Kapoor (Credit: Google Maps, BGI)

Developer snags $12M loan for co-working project in Coral Gables

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

475 Biltmore Way, Somi Center with Douglas Mandel and Benjamin Silver

California investor searching for higher yield buys medical office building portfolio

Rendering of the Plaza Coral Gables

Pinstripes bowling alley inks lease at The Plaza Coral Gables

arrow_forward_ios