Click and download - Transparency Books

Criminal issues: none reported
Charity: Mr. Carrión is the founder and trustee of the Banco Popular Foundation, which has donated
scholarships to over 1,000 students through the Rafael Carrión Jr. Scholarship Fund.
Mr. Carrión participated in Sapientis week, a function supported by Sapientis, a non-profit organization
that works to improve the quality of public education in an effort to ultimately reduce poverty and
stimulate economic growth.
“Olympic Values”: Former Director of Visa International for Latin America. Visa is an IOC TOP
Sponsor.
Mr. Carrión was instrumental in negotiating the IOC TV rights to the Olympic Games through 2020. In
2011, it was announced that Comcast won exclusive rights to the Games of Sochi, Rio de Janeiro,
Pyeongchang and the 2020 games for $4.38B.
In early 2003, Banco Popular agreed to pay $21.6M in penalties stemming from accusations of money
laundering.
Family: In 2011, Banco Popular loaned millions of dollars to a real estate developer overseen by Jose
Vizcarrondo, Mr. Carrión’s nephew. The funds were used to purchase a residential project that had
been in default on previous debt. This apparent conflict of interest was augmented by the fact that Mr.
Vizcarrondo sat on the Board of Banco Popular and thus, had a say in Mr. Carrión’s pay.
47