<p>Alex Spiro of Quinn Emanuel Urquhart &amp; Sullivan, LLP announced that Julio Herrera-Velutini has reached &ldquo;a mutually agreed-upon resolution&rdquo; with the U.S. Department of Justice in&nbsp;<em>United States v. Herrera-Velutini</em>, No. 3:22-cr-342 (SCC) (D.P.R.). Under the agreement, Mr. Herrera will plead guilty to a one-count information charging a misdemeanor violation of 52 U.S.C. &sect; 30121 (unlawful campaign contribution by a foreign national). Spiro emphasized: &ldquo;Mr. Herrera will plead guilty to a one-count information&hellip; [and] the plea agreement provides that all seven felony charges&hellip; will be dismissed in full.&rdquo;&nbsp;(Spiro statement provided by client.)</p>

<p>According to Spiro, Mr. Herrera will accept responsibility for a single, technical violation: in March and April 2020&mdash;amid the chaotic early days of the COVID-19 pandemic&mdash;he &ldquo;offered or implied potential campaign support to then-Governor Wanda V&aacute;zquez Garced,&rdquo; estimated between $2,000 and $25,000.&nbsp;<strong>No funds or anything of value were exchanged.</strong>&nbsp;(Spiro statement.)</p>

<p>The existence of the plea agreement was first disclosed to the court on June 16, 2025 (ECF No. 877), when the parties jointly informed Judge Silvia L. Carre&ntilde;o-Coll that they had reached an agreement and asked for a hearing to enter pleas to a one-count information.&nbsp;<a href="https://teleonce.com/wp-content/uploads/2025/06/MOCION-ACUERDO-WANDA-VAZQUEZ.pdf" target="_blank" title="teleonce.com">teleonce.com</a></p>

<p>The resolution was later formalized before the court on Aug. 27, 2025, and, per defense counsel, reduces the matter to a single campaign-finance misdemeanor with no finding of corruption or fraud.&nbsp;<a href="https://www.prnewswire.com/news-releases/julio-herrera-velutinis-attorney-announces-dismissal-of-all-major-charges-against-the-banker-the-evidence-did-not-support-the-allegations-he-stated-302542003.html" target="_blank" title="PR Newswire">PR Newswire</a></p>

<p>A PR Newswire report quoting Spiro emphasized the government&rsquo;s retreat from the original allegations. As Spiro put it:&nbsp;<em>&ldquo;The evidence did not support the allegations.&rdquo;</em>&nbsp;<a href="https://www.prnewswire.com/news-releases/julio-herrera-velutinis-attorney-announces-dismissal-of-all-major-charges-against-the-banker-the-evidence-did-not-support-the-allegations-he-stated-302542003.html" target="_blank" title="PR Newswire">PR Newswire</a></p>

<p>Spiro underscored that the plea &ldquo;involv[es] no financial transaction and no finding of corruption or fraud,&rdquo; and that dismissal of all felony counts&mdash;conspiracy, federal-program bribery, and honest-services wire fraud&mdash;&ldquo;reflect[s] the U.S. government&rsquo;s recognition that the facts do not support the serious allegations initially levied.&rdquo; He added:&nbsp;<em>&ldquo;Mr. Herrera is pleased to put this chapter behind him.&rdquo;</em></p>

<p>Key Points:</p>

<ul>
	<li>All seven felony counts dismissed; one misdemeanor under 52 U.S.C. &sect; 30121 remains.&nbsp;<em><a href="https://www.prnewswire.com/news-releases/julio-herrera-velutinis-attorney-announces-dismissal-of-all-major-charges-against-the-banker-the-evidence-did-not-support-the-allegations-he-stated-302542003.html" target="_blank" title="PR Newswire">PR Newswire</a></em></li>
	<li>Conduct admitted: an express or implied promise of $2,000&ndash;$25,000 in primary-election support during March&ndash;April 2020; no funds were delivered.&nbsp;<em><a href="https://www.prnewswire.com/news-releases/julio-herrera-velutinis-attorney-announces-dismissal-of-all-major-charges-against-the-banker-the-evidence-did-not-support-the-allegations-he-stated-302542003.html" target="_blank" title="PR Newswire">PR Newswire</a></em></li>
	<li>Agreement disclosed June 16, 2025 (ECF 877); formalized Aug. 27, 2025.&nbsp;<em><a href="https://teleonce.com/wp-content/uploads/2025/06/MOCION-ACUERDO-WANDA-VAZQUEZ.pdf" target="_blank" title="teleonce.com">teleonce.com</a></em></li>
</ul>