On September 26, 2019, Miami businessman Luis Alberto Chacin Haddad was sentenced to 51 months in prison after pleading guilty in June to conspiracy to violate the Foreign Corrupt Practices Act. According to the charge to which Chacin pleaded guilty, Chacin and others conspired to make corrupt payments to Venezuelan officials at the Corporación Eléctrica Nacional, SA (Corpoelec) in exchange for the award of contracts to supply Corpoelec with equipment. As part of his guilty plea, Chacin agreed to forfeit $5.5 million and an apartment in Miami.
One of Chacin’s co-conspirators, Jesus Ramon Veroes, also pleaded guilty in June, and is scheduled to be sentenced on October 29, 2019.