Bayoil Execs Plead Guilty In Oil-For-Food Scandal

Law360, New York (August 20, 2007, 12:00 AM EDT) -- Two executives at Bayoil Inc. have pled guilty to participating in the United Nations' alleged oil-for-food kickback scheme, only days before the founder of the Texas refinery is due to stand trial on similar charges related to the Iraqi government scandal.

On Friday, U.S. Attorney for the Southern District of New York revealed that David B. Chalmers Jr. and Ludmil Dionissiev, along with Bayoil Inc. and its Bahamas-based subsidiary Bayoil Supply & Trading Limited, had all pled guilty in connection with their purported participation in the...
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