Executive Settles Bribery Charges With SEC, DOJ

Law360, New York (September 4, 2008, 12:00 AM EDT) -- A former executive of global construction company Kellogg Brown & Root Inc. has reached a settlement on civil charges and has pled guilty to criminal charges that accused him of bribing Nigerian government officials to obtain $6 billion worth of contracts and defrauding his former employer in a $10.8 million kickback scheme.

In a civil complaint filed Wednesday in the U.S. District Court for the Southern District of Texas, the U.S. Securities and Exchange Commission charged Albert Jackson Stanley with violating the anti-bribery provisions of the...
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