Manager, DOJ Strike $82M Deal In Lyondell Fraud Case

Law360, New York (March 11, 2011, 8:12 PM EST) -- A former LyondellBasell employee agreed Friday to pay $82 million in restitution while pleading guilty to money laundering and fraud charges in a Texas case over a multimillion-dollar kickback scheme involving Venezuelan oil shipping contracts.

Jonathan Paul Barnes, a marine charter manager, pled guilty in the U.S. District Court for the Southern District of Texas to conspiracy to commit wire fraud, conspiracy to engage in international money laundering, making a false statement in a passport application and bulk cash smuggling.

In addition to paying $82 million in restitution,...
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