Energy Co. Hit With $32.5M Verdict In Gold-Smuggling Scheme

Law360, Dallas (September 24, 2012, 12:44 PM EDT) -- A Texas jury on Friday awarded a $32.4 million verdict against energy company CAMAC International Corp. and a subsidiary, finding them responsible for violating the terms of their lease of a Gulfstream jet by using it to try to smuggle gold from the Democratic Republic of Congo.

A Dallas County jury found oil exploration and development company CAMAC and CAMAC Aviation LLC, which had leased the jet from Southlake Aviation to travel between its Houston and Nigeria offices, liable for flying into Congo, which is restricted...
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