Tagged: Vitol

Ex-Vitol Oil & Gas Trader Convicted of Bribing Foreign Officials

Ex-Vitol Oil & Gas Trader Convicted of Bribing Foreign Officials

Following an 8 week trial, a federal jury in Brooklyn has convicted Javier Aguilar on charges relating to the former Vitol trader’s violations of the Foreign Corrupt Practices Act. He faces up to 30 years in prison. Aguilar bribed officials in Mexico and Ecuador to obtain contracts from their state-owned oil companies. He was also convicted of using a complex money laundering scheme to avoid...

2020 Year in Review: Interesting Enforcement Actions (Part III of IV)

2020 Year in Review: Interesting Enforcement Actions (Part III of IV)

DOJ and the SEC each had a great year in FCPA enforcement.  But it is important to acknowledge that the blockbuster case, Goldman Sachs, was the driver of this successful year.  Goldman Sachs Goldman Sachs paid DOJ and the SEC nearly $4 billion in fines and disgorgement.  DOJ has reccivered nearly $1` billion in assets through its forfeiture initiative. Goldman Sachs was a massive and...