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Difference between revisions of "1998 attempt to take over the Azerbaijan state oil company SOCAR"
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[[Azerbaijan]] is the 21st largest [[Wikipedia:List of countries by proven oil reserves|country, by oil reserves]] and coincidentally also 21st by [[Wikipedia:List of countries by oil production|oil production]]. It is next to [[Iran]], and a key stop for troops on the way to [[Afghanistan]]. | [[Azerbaijan]] is the 21st largest [[Wikipedia:List of countries by proven oil reserves|country, by oil reserves]] and coincidentally also 21st by [[Wikipedia:List of countries by oil production|oil production]]. It is next to [[Iran]], and a key stop for troops on the way to [[Afghanistan]]. | ||
| − | + | The case looks a lot like this: the US, through private corporate and individual entrepeneur 'assets', attempted to take over [[Wikipedia:SOCAR|SOCAR]], and when they failed, tied up the loose ends by double-crossing the assets. Frederic Bourke got a double dose, as someone who would not go quietly. | |
| + | Bourke was convicted of conspiring with a [[Wikipedia:Czechoslovakia|Czech]] national, [[Wikipedia:Viktor Kožený]], also known as "Pirate of Prague" <ref>{{cite news|url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYo5XHTxYDT0|title= Pirate of Prague|publisher=''[[Wikipedia:Bloomberg L.P.]]''|accessdate=2012-05-20}}</ref> to pay bribes to the ex-president and government officials of [[Wikipedia:Azerbaijan|Azerbaijan]]. The bribery involved a 1998 scheme to induce the sale and purchase of the Azeri state oil company.<ref name=bribery2>{{cite web|url=http://www.bloomberg.com/apps/news?pid=20601087&sid=aXO.vHLdvbcM|title=Executive guilty of conspiracy in foreign bribery case|accessdate=2010-02-08|date=2009-07-11|publisher=[[Wikipedia:Bloomberg News]]|author=Glovin, David}}</ref> Although Bourke did not personally bribe the government officials and lost his $8 million investment in a hedge fund managed by the Czech national, Bourke was found to have known personally that monies invested in the fund were used for bribing Azeri officials with cash and a secret 2/3 interest in the oil company.<ref name=bribery2/> Prosecutors claimed that Bourke “consciously avoided†learning about the bribes by not asking questions about them.<ref>[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXO.vHLdvbcM Bourke Convicted of Bribery in Kozeny’s Azerbaijan Oil Deal], David Glovin - July 11, 2009</ref> | ||
On July 9, 2009, Frederic Bourke was found guilty by a jury and convicted of conspiracy and bribery under the U.S. [[Wikipedia:Foreign Corrupt Practices Act]] and [[Wikipedia:Travel Act]] in the [[Wikipedia:U.S. District Court for the Southern District of New York]].<ref name=bribery1>{{cite news|url=http://www.washingtonpost.com/wp-dyn/content/article/2010/02/07/AR2010020702506.html|title=U.S. sends a message by stepping up crackdown on foreign business bribes|last=Johnson|first=Carrie|date=2010-02-08|work=[[Wikipedia:The Washington Post]]|accessdate=2010-02-08}}</ref> After the jury verdict, District Judge [[Wikipedia:Shira Scheindlin]] assessed a $1 million fine against Bourke and sentenced him to a jail term of one year and a day, followed by three years of probation.<ref name>{{cite web|url=http://www.forbes.com/2009/11/10/bourke-corrupt-foreign-business-bribery.html|title=Founder of Dooney & Bourke gets jail term of one year|accessdate=2010-02-08|date=2009-11-10|work=[[Wikipedia:Forbes]]|author=Vardi, Nathan}}</ref> | On July 9, 2009, Frederic Bourke was found guilty by a jury and convicted of conspiracy and bribery under the U.S. [[Wikipedia:Foreign Corrupt Practices Act]] and [[Wikipedia:Travel Act]] in the [[Wikipedia:U.S. District Court for the Southern District of New York]].<ref name=bribery1>{{cite news|url=http://www.washingtonpost.com/wp-dyn/content/article/2010/02/07/AR2010020702506.html|title=U.S. sends a message by stepping up crackdown on foreign business bribes|last=Johnson|first=Carrie|date=2010-02-08|work=[[Wikipedia:The Washington Post]]|accessdate=2010-02-08}}</ref> After the jury verdict, District Judge [[Wikipedia:Shira Scheindlin]] assessed a $1 million fine against Bourke and sentenced him to a jail term of one year and a day, followed by three years of probation.<ref name>{{cite web|url=http://www.forbes.com/2009/11/10/bourke-corrupt-foreign-business-bribery.html|title=Founder of Dooney & Bourke gets jail term of one year|accessdate=2010-02-08|date=2009-11-10|work=[[Wikipedia:Forbes]]|author=Vardi, Nathan}}</ref> | ||
Revision as of 15:24, 15 October 2013
Azerbaijan is the 21st largest country, by oil reserves and coincidentally also 21st by oil production. It is next to Iran, and a key stop for troops on the way to Afghanistan.
The case looks a lot like this: the US, through private corporate and individual entrepeneur 'assets', attempted to take over SOCAR, and when they failed, tied up the loose ends by double-crossing the assets. Frederic Bourke got a double dose, as someone who would not go quietly.
Bourke was convicted of conspiring with a Czech national, Wikipedia:Viktor Kožený, also known as "Pirate of Prague" [1] to pay bribes to the ex-president and government officials of Azerbaijan. The bribery involved a 1998 scheme to induce the sale and purchase of the Azeri state oil company.[2] Although Bourke did not personally bribe the government officials and lost his $8 million investment in a hedge fund managed by the Czech national, Bourke was found to have known personally that monies invested in the fund were used for bribing Azeri officials with cash and a secret 2/3 interest in the oil company.[2] Prosecutors claimed that Bourke “consciously avoided†learning about the bribes by not asking questions about them.[3]
On July 9, 2009, Frederic Bourke was found guilty by a jury and convicted of conspiracy and bribery under the U.S. Wikipedia:Foreign Corrupt Practices Act and Wikipedia:Travel Act in the Wikipedia:U.S. District Court for the Southern District of New York.[4] After the jury verdict, District Judge Wikipedia:Shira Scheindlin assessed a $1 million fine against Bourke and sentenced him to a jail term of one year and a day, followed by three years of probation.[5]
Links
- ↑ "Pirate of Prague". Wikipedia:Bloomberg L.P.. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYo5XHTxYDT0. Retrieved 2012-05-20.
</li>
- ↑ 2.0 2.1 Glovin, David. Executive guilty of conspiracy in foreign bribery case. Wikipedia:Bloomberg News. URL accessed on 2010-02-08.
- ↑ Bourke Convicted of Bribery in Kozeny’s Azerbaijan Oil Deal, David Glovin - July 11, 2009
- ↑ Johnson, Carrie (2010-02-08). "U.S. sends a message by stepping up crackdown on foreign business bribes". Wikipedia:The Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2010/02/07/AR2010020702506.html. Retrieved 2010-02-08. </li>
- ↑ Vardi, Nathan. Founder of Dooney & Bourke gets jail term of one year. Wikipedia:Forbes. URL accessed on 2010-02-08.
</ol>
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