Cheney's KBR Ceo Guilty of Nigerian Bribery: 30 Months Sentence! See timeline, Cheney's in deep
Three cheers to the Department of Justice. But, really, only thirty months in jail? The bribe Nigeria scheme ran from 1994 - 2004 and, yes, KBR will pay over $400 million in fines.
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#1 Feb 26, 2012
Vice President Dick Cheney, who at one time led Halliburton – was in on the bribery scheme.
By Dwight Baker
February 26, 2012
Ex-KBR chief gets 30 months in prison for bribery
By MICHAEL GRACZYK
HOUSTON (AP)- After years of sentencing delays, a former KBR Inc. chief executive received two and a half years in prison Thursday for his role in a scheme to bribe Nigerian government officials in return for $6 billion in engineering and construction contracts.
Stanley pleaded guilty in 2008 to conspiring in the decade-long scheme related to the company's natural gas operations in Nigeria from 1995 to 2004. Stanley was KBR's chief executive until 2001 and chairman until June 2004.
He also pleaded guilty to a separate count of conspiring to defraud KBR and other companies, admitting to improperly receiving kickbacks of $10.8 million from a consultant hired by KBR at his behest. He's already repaid $9.25 million of that and the restitution ordered Thursday is intended to cover the remaining $1.55 million.
In December 2010, Nigeria's anti-corruption agency charged current and former KBR and Halliburton executives - including former Vice President Dick Cheney, who at one time led Halliburton - in the bribery scheme. But the charges were dropped a few weeks later after Halliburton agreed to pay a $35 million settlement.
The rule of law does not exist for the super rich. They pay and run away. What can we do learn more then express our voice of dissent?
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