Former DMG executive Marco Antonio Bastidas Beltran was sentenced to 13 years and six months in jail for money laundering and giving and receiving bribes, RCN Radio reported Wednesday.
A Bogota court found that Bastidas had funded the campaign of a candidate for governor of the department of Bolivar, Joaco Berrio Villarreal, on behalf of William Suarez, the business partner of DMG director David Murcia.
Colombian authorities arrested Bastidas on December 11 last year.
DMG is a collapsed pyramid scheme in which hundreds of thousands of Colombians lost their savings when the company in which they had invested their money was shut down by authorities.
Former DMG director David Murcia is in a Boyaca prison awaiting his extradition to the U.S.
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