Joseph Sigelman, the former co-CEO of PetroTiger, pleaded guilty today to one criminal count during the third week of his FCPA trial.
Entries in Ecopetrol SA (5)
Prosecutors in Colombia charged six current and former employees of the state-controlled oil company with taking bribes from services company PetroTiger Ltd.
A federal judge in New Jersey ruled last week that prosecutors can use secret video recordings in the trial of the former PetroTiger CEO that the FBI made with a camera attached to the executive's lawyer.
Joseph Sigelman, who served as a former co-CEO of PetroTiger Ltd., is the latest FCPA defendant to argue that employees of state-owned enterprises aren't "foreign officials" under the FCPA.
The former co-chief executive officer of oil and gas services company PetroTiger Ltd. pleaded guilty Tuesday for bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.