A former co-CEO of an oil services firm on Monday pleaded guilty to conspiring to bribe a Colombian oil official, handing a victory to U.S. prosecutors despite an embarrassing hiccup that temporarily threatened to upend the case.
Former PetroTiger co-CEO Joseph Sigelman pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act when he conspired with several company officials to pay Colombian oil employee David Duran $333,500 in exchange for help in landing a $45 million contract, officials said.
Sigelman, who pleaded guilty in a District of New Jersey courtroom, will be sentenced Tuesday. Two co-conspirators, co-CEO Knut Hammarskjold and general counsel Gregory Weisman, had already pleaded guilty to conspiracy to violate the FCPA and to commit wire fraud.
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