LATINCO S . A . was created during the mid-1990s with support from multiple stockholders including the Correa family , which by then owned most of prominent El Condor construction co . The Correas only needed Mr . Ramiro Perez ’ s stocks at El Condor to own the whole company , a feat accomplished in 1999 when the family proposed a trade of Perez ’ s Condor stocks in exchange for a share of an upcoming , promising construction venture called LATINCO .