Former KBR chairman, CEO going to prison

Michael P. Tremoglie Feb. 24, 2012, 12:26pm

WASHINGTON (Legal Newsline) -- The former chairman and CEO of Kellogg, Brown & Root Inc. has been sentenced to prison for violating the Foreign Corrupt Practices Act.

The U.S. Department of Justice said Feb. 23 that Albert "Jack" Stanley, 69, has been sentenced to 30 months in prison. He was convicted of bribing Nigerian government officials to obtain engineering, procurement and construction contracts and for conspiring to commit mail and wire fraud as part of a separate kickback scheme.

Stanley also was sentenced to serve three years of supervised release following the prison term and to pay $10.8 million in restitution to KBR, the victim of the separate kickback scheme. Stanley had pleaded guilty on Sept. 3, 2008.

According to the announcement, Stanley and co-conspirators agreed to pay bribes to a wide range of Nigerian government officials in order to obtain and retain contracts. These bribes took place from approximately 1994 through June 2004. Stanley and other co-conspirators met with successive Nigerian government officials to negotiate bribes.

"Today's prison sentences for Mr. Stanley ... mark another important step in our proseution of those responsible for a massive bribery scheme involving engineering, procurement and construction contracts in Nigeria," said Mythili Raman, Principal Deputy Assistant Attorney General for the Criminal Division. "These sentences reflect not only the ... illegal acts, but also their substantial cooperation with the government.

"As a result of this investigation, three individuals have been convicted of FCPA-related crimes, and five companies in four countries have paid substantial penalties and undertaken significant efforts to enhance their compliance programs. This case shows the importance the department places on putting an end to foreign bribery."

More News