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1998 attempt to take over the Azerbaijan state oil company SOCAR
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.
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- ↑ 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.
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