Exec gets jail time in Trinidad fraud case
A U.S. District Court judge in Miami has sentenced Florida business exec Raul Gutierrez Jr. to six years in prison for a fraud conviction related to a rigged airport contract in Trinidad, according to a report in the Miami Herald.
Gutierrez was president of Calmaquip Engineering. He and five other defendants pleaded guilty in 2006 to charges related to a scheme to charge inflated prices for construction work at Piarco International Airport in Port-of-Spain, Trinidad. Gutierrez pleaded guilty to charges of wire fraud and bank fraud. Prosecutors said the participants used offshore companies and bank accounts to conceal the scheme, the report said.