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FCPA Blog Daily News

Entries in Petroleos de Venezuela (10)

Thursday
May172018

Martin Kenney: ConocoPhillips exposes the Venezuela kleptocracy

The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA).

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Wednesday
Feb212018

Tom Fox: Houston company sues former Venezuela oil minister for bribe demands

Former Venezuela oil minister Rafael RamirezBribery and corruption are rarely used as the basis of civil actions between entities and individuals. It is the exceptional case where a party claims that its refusal to submit to demands for bribes can lead to a claim of civil liability.

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Tuesday
Feb132018

DOJ charges Venezuela energy company workers with money laundering, FCPA conspiracy

The DOJ unsealed an indictment Monday against five former employees of Venezuela’s state energy company, charging all of them with money laundering and two with also conspiring to violate the Foreign Corrupt Practices Act.

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Thursday
Oct122017

Florida businessman pleads guilty in Venezuela PDVSA bribery scheme

The part owner of several Florida-based businesses pleaded guilty Wednesday to foreign bribery charges in a plot to win contracts from Venezuela’s state oil company.

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Tuesday
Jan102017

Two more FCPA guilty pleas in Venezuela oil company bribe case

Two executives from U.S.-based energy companies pleaded guilty Tuesday to foreign bribery charges involving payments to officials at Venezuela’s state oil company, Petroleos de Venezuela S.A. (PDVSA).

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Thursday
Jun162016

Owner of Houston oil service companies admits Venezuela bribes

Image courtesy of PDVSAThe owner of multiple U.S.-based oil and gas services companies pleaded guilty Thursday to bribing officials at Venezuela’s state-owned energy company to win work and speed up contract payments.

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Wednesday
Mar232016

Company owner, employee admit FCPA offenses in Venezuela oil company bribe case

The owner of multiple U.S.-based oil and gas services companies pleaded guilty Tuesday to FCPA and fraud charges for bribing officials to win contracts from Venezuela’s state-owned energy company, Petroleos de Venezuela S.A. (PDVSA).

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Monday
Dec212015

Report: DOJ arrests two for Venezuela oil company bribes

The Justice Department said Sunday two men were arrested last week for an alleged bribery scheme to win work from Venezuela's state-owned energy company, Reuters reported.

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Friday
Mar132015

FinCEN: Andorra bankers took bribes to launder money for China, Russia, Venezuela criminals

The U.S. Treasury Department's Financial Crimes Enforcement Network said senior managers at Banca Privada d'Andorra took bribes for several years to help launder money for organized crime groups.

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Thursday
Jul192012

Blogger: Graft Doubled Cost Of Venezuelan Drill Rig

A Venezuelan blogger who now lives in the U.S. has apparently uncovered graft of $700 million on a single contract by state-owned oil giant Petroleos de Venezuela.

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