The chief financial officer of a Los Angeles shipping company was arrested for allegedly conspiring with the company’s chief executive in a bribery, fraud and kickback scheme to smuggle billions of dollars’ worth of goods from the United States to Mexico and avoid customs duties, officials announced today.
Ralph Olarte, 55, of Glendale, the CFO of Sport LA Inc., was arrested late Tuesday at Los Angeles International Airport, according to the U.S. Attorney’s Office.
Also charged was Humberto Belmonte, 53, of Mexico City, who pleaded not guilty to federal charges and is awaiting trial…