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Guatemala's former congress leader sentenced

Thursday, October 04, 2012    

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GUATEMALA CITY, Guatemala (AP) — A judge in Guatemala has sentenced the former leader of the country's congress to three years in prison for involuntary embezzlement of congressional funds, dereliction of duty and failure to report a crime.

Judge Amparo Rivas says former congress president Eduardo Meyer was negligent in handing over $10.2 million in congressional funds to a brokerage in 2008.

The money was purportedly an investment, but the brokerage never returned it.

Meyer is being allowed to serve the sentence under house arrest.

In the ruling issued yesterday, Rivas also sentenced the legal representative of the brokerage to 24 years in prison for fraud and money laundering. He was also ordered to repay the money.

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