We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bayoil Execs Plead Guilty In Oil-For-Food Scandal

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.