2 Ex-Oil Supply Co. Execs Cop To Latin America Kickbacks
Law360, Los Angeles (February 26, 2016, 7:12 PM EST) -- Two former executives of a Texas oil supply company have pled guilty to fraud charges stemming from a scheme to get illegal kickbacks from the company's third-party sales agents in Mexico and Latin America, the U.S. Department of Justice announced Friday.
The announcement by U.S. Attorney Kenneth Magidson states that Franklin Marsan, 51, and Eduardo Betancourt, 48, of Spring, Texas, each pled guilty to one count of conspiracy to commit wire fraud stemming from their kickback scheme.
The pair worked for the Houston-based oil supply company — not named in the announcement or the underlying plea agreements and case information —...
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