Ex-KBR chief gets 30 months in prison...

Ex-KBR chief gets 30 months in prison for bribery

There are 1 comment on the KSWO story from Feb 23, 2012, titled Ex-KBR chief gets 30 months in prison for bribery. In it, KSWO reports that:

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.

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Dwight Baker

Eagle Pass, TX

#1 Feb 24, 2012
Vice President Dick Cheney, who at one time led Halliburton – was in on the bribery scheme.
By Dwight Baker
[email protected]
February 24, 2012

ARTICLE
Ex-KBR chief gets 30 months in prison for bribery
http://www.kswo.com/story/16998586/kbr-ex-ceo...

By MICHAEL GRACZYK
Associated Press
EXCERPT
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.
LAST
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.
MY TAKE
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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