Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor

FCPA Blog Daily News

« Eduard Ivanov: How much ‘hard law’ is good for anti-corruption compliance? | Main | Job: Anti-Bribery and Corruption Compliance Officer »

SEC bans former PetroTiger GC

The former general counsel of oil and gas services firm PetroTiger was suspended from practicing before the U.S. Securities and Exchange Commission after pleading guilty to an FCPA conspiracy.

Gregory Weisman was sentenced in September 2015 to two years probation. He had pleaded guilty in 2013 to one count of conspiracy to violate the Foreign Corrupt Practices Act and the wire fraud statute.

New York disbarred him in 2014 and Pennsylvania in 2015.

An SEC rule says “[a]ny attorney who has been suspended or disbarred by a court of the United States or any State . . . or any person who has been convicted of a felony . . . shall be forthwith suspended from appearing or practicing before the Commission.”

The DOJ alleged that Weisman and two other PetroTiger executives bribed a Colombian official to win a $39 million contract from the state energy firm.

Privately-held PetroTiger provides production testing services to oil and gas companies.

In a deal with prosecutors, Weisman wore a wire during a meeting in Miami with PetroTiger's CEO Joseph Seligman.

Sigelman eventually pleaded guilty to conspiracy to violate the FCPA. He was sentenced to probation.

Knut Hammarskjold, who served as a co-CEO of PetroTiger, also received probation after pleading guilty to conspiracy.

The DOJ alleged the defendants also took kickbacks from another company that PetroTiger was buying.

PetroTiger wasn't charged in the case. In a 2015 statement, the DOJ said the company made a voluntary disclosure and "fully cooperated with the department’s investigation."

The SEC's suspension order against Gregory Weisman is here (pdf).


Richard L. Cassin is the publisher and editor of the FCPA Blog.