Bribery and corruption are rarely used as the basis of civil actions between entities and individuals. It is the exceptional case where a party claims that its refusal to submit to demands for bribes can lead to a claim of civil liability.… Continue Reading
Posts Tagged: Petroleos de Venezuela
The DOJ unsealed an indictment Monday against five former employees of Venezuela’s state energy company, charging all of them with money laundering and two with also conspiring to violate the Foreign Corrupt Practices Act.… Continue Reading
The part owner of several Florida-based businesses pleaded guilty Wednesday to foreign bribery charges in a plot to win contracts from Venezuela’s state oil company.
Fernando Ardila Rueda, 49, of Miami pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act and one count of violating the FCPA. … Continue Reading
Two executives from U.S.-based energy companies pleaded guilty Tuesday to foreign bribery charges involving payments to officials at Venezuela’s state oil company, Petroleos de Venezuela S.A. (PDVSA).
Juan Jose Hernandez Comerma (Hernandez), 51, of Weston, Florida, pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act and one count of violating the FCPA.… Continue Reading
The owner of multiple U.S.-based oil and gas services companies pleaded guilty Thursday to bribing officials at Venezuela’s state-owned energy company to win work and speed up contract payments.… Continue Reading
The owner of multiple U.S.-based oil and gas services companies pleaded guilty Tuesday to FCPA and fraud charges for bribing officials to win contracts from Venezuela’s state-owned energy company, Petroleos de Venezuela S.A.… Continue Reading
The Justice Department said Sunday two men were arrested last week for an alleged bribery scheme to win work from Venezuela’s state-owned energy company, Reuters reported.
Roberto Rincon was arrested Wednesday in Houston.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.
FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading
A Venezuelan blogger who now lives in the U.S. has apparently uncovered graft of $700 million on a single contract by state-owned oil giant Petróleos de Venezuela S.A. (PdVSA).