sargeant marine guilty plea

In Venezuela, Sargeant conspired to pay bribes to various PDVSA officials in order to, among other things: (a) purchase asphalt from PDVSA; (b) acquire inside, non-public information from PDVSA to obtain an improper advantage in the purchase and sale of asphalt; and (c) recover certain late fees, called demurrage fees, owed by PDVSA to a Swiss asphalt company related to Sargeant Marine. Between 2010 and 2018, Sargeant Marine paid millions of dollars in bribes to foreign officials in Brazil, Venezuela and Ecuador to secure contracts to purchase or sell asphalt to state-owned and state-controlled oil companies. On June 8, 2018, the DOJ filed a complaint against Meneses and on August 2, 2018, the DOJ filed a single count Information against Meneses alleging conspiracy to violate the anti-bribery provisions of the FCPA. The total criminal penalty was actually $90 million, but because of SMI’s “inability to pay” the … The following information came from the reference material from the site, which detailed the following guilty pleas from individuals in this matter. Jose Tomas Meneses worked as a trader at Sargeant Marine between 2012 and 2018. The plea agreement by Sargeant Marine Inc. is part of a broader crackdown on corrupt dealings in South America's commodities markets. First, Diaz acted as an agent for the Swiss Asphalt Company to pay commissions to a PDVSA official for every barrel of asphalt purchased from PDVSA. Jordan Gerbich, 30, formerly of Santa Maria, now a resident of Utah, pleaded guilty via videoconference to a single-count information charging him with taking a marine mammal. At PDVSA, Troyano was involved in the sale of asphalt. He is awaiting sentencing after paying $300,000 in cash bail. Between approximately 2010 and 2018, Sargeant conspired to pay bribes to foreign officials in Brazil and Venezuela in order to secure contracts and other benefits for Sargeant Marine. According to the documents in this case, between 2012 and 2018, Diaz engaged in two conspiracies to pay bribes to various officials at PDVSA. Andrade facilitated bribe payments to at least two Petrobras officials and two Brazilian politicians by using, among other things, US and Swiss bank accounts and shell companies incorporated in the Marshall Islands. On September 22, 2020, Sargeant Marine Inc. ("SMI"), an asphalt company incorporated and based in Boca Raton, Florida, pled guilty to conspiracy to violate the Foreign Corrupt Practices Act ("FCPA") in Brazil, Venezuela, and Ecuador. Before making any decision or taking any action that may affect your business, you should consult a qualified legal advisor. The intermediaries used a portion of the commissions to pay bribes to Brazilian government officials on Sargeant Marine’s behalf, by wire to the officials’ offshore shell companies accounts or in cash payments made in Brazil. Recently, DOJ unsealed guilty pleas to charges by five individuals who participated in the bribery scheme. Recently we saw one of the most blatant cases of bribery and corruption brought by the Department of Justice (DOJ) in the form of a guilty plea by Sargeant Marine Inc. (Sargeant Marine), an asphalt company, related to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and agreed to pay a criminal fine of $16.6 million to resolve charges stemming … On September 10, 2020, a criminal complaint was unsealed in federal court in the Eastern District of New York against a former PDVSA official with conspiracy to commit money laundering for his alleged role in Sargeant Marine’s Venezuela bribery scheme. Andrade’s responsibilities included seeking contracts with Petrobras, for Sargeant Marine and its related companies. The single best resource for all things FCPA enforcement related is the Stanford Law School Foreign Corrupt Practices Act Clearinghouse, a collaboration with Sullivan & Cromwell LLC. Sargeant Marine recently pled guilty to conspiracy to violate anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA), a move that Alejandra Montenegro Almonte stated "can result in loss of business and serious … Unsealed guilty pleas to charges by five individuals who participated in the form of commissions for every of. Marine to officials at PDVSA sale of asphalt 175 — a Deep Dive into the Vitol FCPA Settlement New... Bribery case Andrade pled guilty on the same date but the plea by! February 20, 2019, the DOJ filed a two-count information against Diaz alleging conspiracy to violate the provisions... 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