Two US soldiers pleaded guilty in a $3 million catfishing scheme. Alejandra Montenegro Almonte Quoted on Sargeant Marine Guilty Plea in Anti-Corruption Report "More Petrobras Fallout: Sargeant Marine Pleads Guilty" Anti-Corruption Report. The plea agreement by Sargeant Marine Inc. is part of a broader, ongoing crackdown on corrupt dealings in South America's commodities markets. Sargeant Marine Inc., an asphalt company formerly based in Boca Raton, Florida, pleaded guilty today to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and agreed to pay a criminal fine of $16.6 million to resolve charges stemming from a scheme to pay bribes to foreign officials in three South American countries. The Sargeant Marine Inc. (Sargeant Marine) case is an exception. Recently unsealed court filings indicate that Daniel Sargeant, who used to run Sargeant Marine, quietly pleaded guilty last December to conspiracy to commit money laundering and violate the Foreign Corrupt Practices Act, which bars Americans from paying overseas officials in exchange for business. Andrade’s responsibilities included seeking contracts with Petrobras, for Sargeant Marine and its related companies. Finocchi pled guilty on the same day, but the plea agreement has not been released. Luiz Eduardo Andrade worked as an agent for Sargeant Marine in Brazil from approximately the end of 2009 through at least early 2016. Sargeant Marine, an asphalt shipping company based in Boca Raton, Florida, pleaded guilty to bribery schemes in three South American countries and agreed to pay a criminal fine of $16.6 million to resolve the charges. Roberto Finocchi worked as a trader for Sargeant Trading, Ltd. Co. and related companies from approximately 2006 through 2017. LOS ANGELES – A one-time resident of Santa Barbara County pleaded guilty today to a federal criminal charge for fatally shooting an elephant seal on a beach near San Simeon. Sargeant Marine’s guilty plea is another example of the FCPA’s effectiveness in prosecuting international bribery and fraud. The intermediaries used a portion of the commissions to pay bribes to Brazilian government officials on Sargeant Marine’s behalf, by wire to the officials’ offshore shell companies accounts or in cash payments made in Brazil. The following information came from the reference material from the site, which detailed the following guilty pleas from individuals in this matter. “With today’s guilty plea, Sargeant Marine has admitted to engaging in a long-running pattern of paying bribes to corrupt officials in three South American countries to obtain lucrative business,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. One can only conclude that Sargeant Marine was one corrupt organization. Andrade facilitated bribe payments to at least two Petrobras officials and two Brazilian politicians by using, among other things, US and Swiss bank accounts and shell companies incorporated in the Marshall Islands. Pleads Guilty and Agrees to Pay Over $16 Million in Criminal Fines to Resolve Foreign Bribery Case. Between 2012 and 2018, Sargeant Marine bribed four PDVSA officials in Venezuela in exchange for inside information and their assistance in steering PDVSA contracts to a Sargeant Marine nominee company for the purchase of asphalt. Between 2010 and 2017, Finocchi conspired with others to pay bribes to Brazilian government officials and Petrobras officials. Recently unsealed court filings indicate that Daniel Sargeant, who used to run Sargeant Marine, quietly pleaded guilty last December to conspiracy to commit money laundering and violate the Foreign Corrupt Practices Act, which bars Americans from paying overseas officials in exchange for business. Sargeant Marine Inc. Chad Simon/Defense Department. Roberto Finocchi, a Sargeant Marine trader, pleaded guilty in November 2017 for his role in the Brazil bribery scheme. The plea agreement by Sargeant Marine Inc. is part of a broader crackdown on corrupt dealings in South America's commodities markets. As a result of the bribery scheme, Sargeant Marine secured contracts with a total value in excess of approximately $185 million. The author, his affiliates, and related entities shall not be responsible for any loss sustained by any person or entity that relies on this publication. The Author gives his permission to link, post, distribute, or reference this article for any lawful purpose, provided attribution is made to the author. Post was not sent - check your email addresses! Troyano accepted bribes in the form of commissions for every barrel of asphalt purchased from PDVSA by an unnamed asphalt company. Sargeant Marine, an asphalt company, plead guilty to one count of conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine of $16.6 million for bribery schemes in Brazil, Venezuela and Ecuador. Keysight Technologies Settles with OFAC for $473,157 for Violations of Iran Sanctions Program, Webinar: 2020 FCPA Enforcement and Compliance Review, The Justice Department announced a guilty plea to FCPA charges by Sargeant Marine, Inc., a privately-owned company, based in Boca Raton, Florida, Dancing Around the Edges: A Journey in the FCPA Guidance, The FCPA Guidance and Voluntary Disclosures, A Call to Arms: Conduct a Risk Assessment, Sidebars — Reflections on White Collar Law and Federal Crimes. The Justice Department announced a guilty plea to FCPA charges by Sargeant Marine, Inc., a privately-owned company, based in Boca Raton, Florida. The single best resource for all things FCPA enforcement related is the Stanford Law School Foreign Corrupt Practices Act Clearinghouse, a collaboration with Sullivan & Cromwell LLC. “Today’s resolution, together with charges the department has brought against individuals involved in Sargeant … Recently unsealed court filings indicate that Daniel Sargeant, who used to run Sargeant Marine, quietly pleaded guilty last December to conspiracy to commit money laundering and violate the Foreign Corrupt Practices Act, which bars Americans from paying overseas officials in exchange for business. According to the documents in this case, between 2012 and May 2018, Meneses conspired to pay bribes to various officials at PDVSA, to purchase asphalt from PDVSA, to acquire inside, non-public information to obtain an improper advantage in the purchase and sale of asphalt, and to recover certain late fees, called demurrage fees, owed by PDVSA to Swiss Asphalt Company, an entity related to Sargeant Marine. Troyano pled guilty on the same date but the plea agreement has not been released. Between 2010 and 2017, Andrade conspired to pay bribes to several Brazilian officials on behalf of Sargeant Marine and associated companies so that they could obtain and retain business with Petrobras. On December 18, 2019, the Department of Justice (DOJ) filed a two count Information against Sargeant alleging conspiracy to violate the anti-bribery provisions of the FCPA and conspiracy to commit money laundering. Sargeant pled guilty on the same date but the plea agreement has not been released. Sargeant Marine used the same means to carry out the scheme as it used in Brazil and Venezuela. In Brazil, Sargeant Marine bribed a Brazil Minister, a high-ranking member of the Brazilian Congress and senior executives at Petrobras, the state-owned oil and gas company, to secure valuable contracts to sell asphalt. After resigning from PDVSA, Troyano acted as an agent to pay bribes on behalf of Sargeant Marine to officials at PDVSA. The plea agreement by Sargeant Marine Inc. is part of a broader crackdown on corrupt dealings in South America’s commodities markets. The five individuals included: (1) Daniel Sargeant, a senior executive at Sargeant Marine; (2) Jose Tomas Meneses, a Sargeant Marine trader; (3 and 4) Luiz Eduardo Andrade and David Diaz, consultants who acted as intermediaries funneling bribes in Brazil and Venezuela; and (5) Hector Nuñez Troyano, a former PDVSA official who received bribes in connection with the Venezuela contracts. He is awaiting sentencing after paying US$300,000 in cash bail. On June 8, 2018, the DOJ filed a complaint against Meneses and on August 2, 2018, the DOJ filed a single count Information against Meneses alleging conspiracy to violate the anti-bribery provisions of the FCPA. On September 22, 2017, the DOJ filed a single count Information in the Eastern District of New York against Andrade alleging a conspiracy to violate the anti-bribery provisions of the FCPA. Additionally, the Department announced, a criminal complaint was unsealed in federal court on Sept. 10 charging another former PDVSA official with conspiracy to commit money laundering, in part, for his alleged role in the Venezuela scheme. A sixth individual, Roberto Finocchi, also a Sargeant Marine trader, pleaded guilty in November 2017 for his role in the Brazil scheme. After receiving fake invoices, Sargeant Marine sent international wires from its bank accounts to offshore bank accounts maintained by shell companies connected to the bribery intermediaries. Recently unsealed court documents indicate that Daniel Sargeant, who ran Sargeant Marine, quietly pleaded guilty last December to conspiring to commit money laundering and violating the Foreign Corrupt Practices Act, which prohibits Americans from paying money. In 2014, Sargeant Marine bribed an officials at Ecuador’s state-owned oil company, Petroecuador, to secure a contract to supply asphalt. This publication is not a substitute for such legal advice or services, nor should it be used as a basis for any decision or action that may affect your business. Diaz pled guilty on the same date but the plea agreement has not been released. First, Diaz acted as an agent for the Swiss Asphalt Company to pay commissions to a PDVSA official for every barrel of asphalt purchased from PDVSA. Hector Nunez Troyano was an employee at the Venezuelan state-owned oil company, PDVSA, between 2008 and February 2015. Sargeant’s responsibilities included seeking, approving, and overseeing contracts with Petroleo Brasileiro SA (Petrobras), Brazil’s state-owned oil company, and Petróleos de Venezuela SA (PDVSA), Venezuela’s state-owned oil company. On September 22, 2020, Sargeant Marine Inc. ("SMI"), an asphalt company incorporated and based in Boca Raton, Florida, pled guilty to conspiracy to violate the Foreign Corrupt Practices Act ("FCPA") in Brazil, Venezuela, and Ecuador. This month, a former PDVSA … Like the Brazil scheme, Sargeant Marine disguised the bribery payments to intermediaries by executing fake consulting agreements with a bribe intermediary and wiring commission payments into U.S. and offshore bank accounts controlled by the intermediary, who then made the bribery payments to PDVSA officials. Meneses pled guilty on the same date but the plea agreement has not been released. According to the docket, Andrade pled guilty on the same day but the plea agreement has not been released. To disguise the names of the four PDVSA officials, members of the conspiracy used code names to hide the identities of the PDVSA officials who received the bribes, referencing them as “oiltrader,” “Tony,” and “Tony2.”  When referring to the confidential inside information was called “Chocolates.”. To date, there have been six guilty pleas sustained. In Venezuela, Sargeant conspired to pay bribes to various PDVSA officials in order to, among other things: (a) purchase asphalt from PDVSA; (b) acquire inside, non-public information from PDVSA to obtain an improper advantage in the purchase and sale of asphalt; and (c) recover certain late fees, called demurrage fees, owed by PDVSA to a Swiss asphalt company related to Sargeant Marine. foreign officials in exchange for business. To date, there have been six guilty pleas sustained. David Diaz worked as an agent in Venezuela for Sargeant Marine and a second unnamed asphalt company. This publication contains general information only and is based on the experiences and research of the author. Recently unsealed court filings indicate that Daniel Sargeant, who used to run Sargeant Marine, quietly pleaded guilty last December to conspiracy to commit money laundering and violate the Foreign Corrupt Practices Act, which bars Americans from paying overseas officials in exchange for business. On September 22, 2020, Sargeant Marine Inc. (“SMI”), an asphalt company incorporated and based in Boca Raton, Florida, pled guilty to conspiracy to violate the Foreign Corrupt Practices Act (“FCPA”) in Brazil, Venezuela, and Ecuador. This month, a former PDVSA … Jordan Gerbich, 30, formerly of Santa Maria, now a resident of Utah, pleaded guilty via videoconference to a single-count information charging him with taking a marine mammal. In Brazil, Sargeant conspired to obtain and retain business with Petrobras by bribing employees and Brazilian politicians. Episode 175 — A Deep Dive into the Vitol FCPA Settlement, New Year Webinars: 2020 FCPA and OFAC Enforcement and Compliance Reviews. Recently, DOJ unsealed guilty pleas to charges by five individuals who participated in the bribery scheme. Sargeant Marine engaged a bribe intermediary with close ties to a decision-maker at Petroecuador and then paid commissions to the bribe intermediary in accordance with a sham consulting agreement. Brazil bribery scheme scheme, Sargeant Marine was one corrupt organization, but the plea agreement has not released. 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