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« Japan's JGC Makes Top Ten | Main | JGC Resolves Criminal Charges »
Thursday
Apr072011

Stanley Sentencing Again Postponed

For the tenth time, Jack Stanley's final sentencing has been delayed, this time until June 23.

Albert 'Jack' Stanley, 66, was KBR's CEO when he presided over a $180 million bribery scheme in Nigeria to win work for KBR and three partners.

Before the latest delay, his sentencing had been set for March 30.

Stanley pleaded guilty in federal court in Houston in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud. He's free on bail of $100,000.

Stanley's preliminary sentence under his plea deal called for 84 months in prison and a restitution payment of $10.8 million. The jail term is subject to review based on his cooperation.

With Stanley's help, the DOJ and SEC have recovered $1.5 billion in FCPA-related penalties and disgorgement from the TSKJ consortium members: $579 million from KBR and its parent Halliburton, $365 million from Snamprogetti and its parent ENI, $338 million from Technip, and $218.8 million yesterday from JGC Corporation.

Our thanks to the reader who let us know about Jack Stanley's latest sentencing delay.

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