We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Connecticut dealer convicted in Petrobras bribery case By Reuters
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Connecticut dealer convicted in Petrobras bribery case By Reuters
The Tycoon Herald > Business > Connecticut dealer convicted in Petrobras bribery case By Reuters
Business

Connecticut dealer convicted in Petrobras bribery case By Reuters

Tycoon Herald
By Tycoon Herald 2 Min Read Published September 27, 2024
Share
SHARE

By Jonathan Stempel

(Reuters) – A Connecticut oil and gasoline dealer was convicted on Thursday over a virtually eight-year scheme to bribe officers at Brazil’s state-owned oil firm Petrobras so two Connecticut buying and selling firms may win enterprise, U.S. prosecutors stated.

Glenn Oztemel, 65, of Westport, Connecticut, was discovered responsible by a Bridgeport, Connecticut, jury on all seven counts he confronted, together with cash laundering, conspiracy and violating the federal International Corrupt Practices Act.

Oztemel and one other defendant, Brazilian-Italian oil and gasoline dealer Eduardo Innecco, have been accused of bribing officers to assist Arcadia Fuels and Freepoint Commodities win contracts and study confidential particulars about Petrobras’ gasoline oil enterprise.

Prosecutors stated Oztemel paid greater than $1 million in bribes that have been cut up between Petrobras officers in Brazil and Rodrigo Berkowitz, a Petrobras gasoline dealer in Houston.

The defendants allegedly used coded language corresponding to “breakfast,” “breakfast servings” and “freight deviation” to check with bribes and bribe quantities.

Prosecutors stated the scheme ran from 2010 to 2018. Oztemel labored at each Arcadia and Freepoint, earlier than retiring in 2020.

“We are very disappointed in today’s verdict,” Oztemel’s lawyer Nelson Boxer stated in an e-mail. “Glenn has had an unblemished record for 40 years in the oil industry, and we will continue to fight to clear Glenn’s good name.”

Innecco is awaiting extradition from France to face U.S. prices. Oztemel’s brother Gary Oztemel pleaded responsible to a associated cash laundering cost in June.

Final December, Freepoint, based mostly in Stamford, Connecticut, entered a deferred prosecution settlement and agreed to pay greater than $98 million to resolve associated U.S. bribery prices.

Connecticut dealer convicted in Petrobras bribery case By Reuters

Brazilian authorities had investigated Freepoint workers as a part of Operation Automobile Wash, a seven-year investigation into suspected bribery involving Petrobras.

Berkowitz pleaded responsible in February 2019 in Brooklyn to a cash laundering conspiracy cost. He has but to be sentenced, court docket information present.

You Might Also Like

Russia for Business: Experts Who Help Drive Decisions

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

TAGGED:briberyCaseConnecticutConvictedPetrobrasReutersTrader
Share This Article
Facebook Twitter Email Copy Link Print
Taylor Swift Donatee’s Mom Says They Did not Hear From Taylor Earlier than Donation
Entertainment

Taylor Swift Donatee’s Mom Says They Did not Hear From Taylor Earlier than Donation

Taylor Swift Donatee's Mother Says Money Got here Out of Nowhere Revealed October 20, 2025 7:00 PM PDT Play video content material TMZ.com Taylor Swift's $100K donation has completely modified…

By Tycoon Herald 3 Min Read
Brian Norman on Devin Haney WBO title conflict: Ability, integrity and savageness will probably be what wins this struggle
October 21, 2025
Donald Trump Chastises Photographer For Bumping 400-12 months-Previous Mirror
October 21, 2025
Aston Villa vs Maccabi Tel Aviv: Israeli membership to say no away ticket allocation for Europa League fixture
October 21, 2025
Lawyer Suing Fats Joe Indicted After Allegedly Operating Over Course of Server
October 21, 2025

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read
Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa
BusinessTrending

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

By Tycoon Herald 4 Min Read
Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Sports

Rangers 2-0 Panathinaikos: Findlay Curtis and Djeidi Gassama on course as Russell Martin period begins with victory

A brand new period at Rangers obtained off to a successful begin as teenager Findlay Curtis…

By Tycoon Herald
Business

Russia hits high-rise in Ukraine’s Kharkiv, kills six and injures 55 By Reuters

(Reuters) -A Russian guided bomb assault on Ukraine's northeastern metropolis of Kharkiv hit a residential constructing…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?