CFTC Files Direct Crypto Rulemaking with White House to Bypass Congress
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Former Vitol oil trader Javier Aguilar was sentenced Friday to four years in federal prison by U.S. District Judge Eric Vitaliano in Brooklyn following his 2024 conviction on foreign bribery and money laundering conspiracy charges. Prosecutors stated Aguilar paid over $1 million in bribes between 2015 and 2020 to officials in Ecuador and Mexico, enabling Vitol to secure more than $500 million in state-run oil contracts. While the Justice Department sought a 12-year prison sentence to deter corporate corruption, defense lawyers urged leniency due to Aguilar's cooperation, a $7.13 million forfeiture agreement, and upcoming deportation to Mexico. The case forms part of a broader federal investigation into systematic bribery within international commodity trading firms across Latin America, following substantial corporate settlements paid by Vitol and rival trader Gunvor for illicit schemes targeting state energy officials.