News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Bill Steinman
Contributing Editor
Indonesia authorities said that as part of the global investigation into chemical maker Innospec Inc, two individuals were convicted and sentenced for bribery offenses.
A court in Jakarta convicted Suroso Atmomartoyo in late October, according to a case update posted by the UK Serious Fraud Office.… Continue Reading
Four former Innospec executives were sentenced in a London court Monday for their roles in bribing officials in Indonesia and Iraq, with three of the men given prison terms, the Serious Fraud Office said.… Continue Reading
Two former executives of Delaware-based Innospec were found guilty Wednesday in London of bribing Indonesian officials to buy the company’s gasoline additive.
Dennis Kerrison, a former Innospec chief executive, and Miltiades Papachristos, a former regional sales director, were convicted by a jury at the Southwark Crown Court of conspiracy and bribery.… Continue Reading
Since we started tracking FCPA fugitives (like a blog — not like a U.S. Marshal), a lot has happened.
Several names came off the original FCPA fugitives list and new ones have been added.… Continue Reading
When Innospec’s former agent pleaded guilty to FCPA offenses two years ago and faced a long prison term, the DOJ agreed to help him secure a transfer to a Canadian jail.… Continue Reading
On the occasion of Roger Clemens’ acquittal Monday for perjury, Nathan Vardi of Forbes catalogued failed white collar prosecutions he said evidenced the DOJ’s abuse of ‘prosecutorial discretion’ and lack of ‘good judgment.’… Continue Reading
Reuters reported today that Paul Jennings, the former CEO of Innospec’s U.K. operations, pleaded guilty to corruption charges in a London court.
‘Jennings pleaded guilty to two counts of conspiracy to corrupt in relation to bribes paid in both Indonesia and Iraq,’ Reuters said.… Continue Reading
Ousama Naaman, the only individual to face criminal charges in the United States for the Innospec bribery scandal, could have his thirty-month prison term shortened by a year or more.
Judge Ellen Segal Huvelle gave Naaman credit for time served in her final judgment imposing his thirty-month prison sentence.… Continue Reading
Last week in Houston the three KBR-related sentences ranged from 30 months in prison for Jack Stanley to just a year of unsupervised probation for Wojciech Chodan. Jeffrey Tesler was in the middle with 21 months in jail.… Continue Reading
The U.K. Serious Fraud Office last week charged a former sales director from Innospec with corruption relating to contracts in Indonesia.
Miltos Papachristos, 48, became the third Innospec executive to be charged by the SFO.… Continue Reading
The Serious Fraud Office said the former sales and marketing director in the U.K. for Innospec pleaded guilty this week to three criminal counts of conspiracy to corrupt.
David Turner, 56, appeared Tuesday at the Southwark Crown Court in London.… Continue Reading
How does the thirty-month prison term Ousama Naaman received last week compare with other FCPA sentences?
It’s near the middle.
Here are some shorter sentences:
In January this year, Antonio Perez received two years in prison in the Haiti Telco case.… Continue Reading