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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »

KBR

SEC v. Stanley (Nigeria LNG Contracts Bribery)

Date: 09/03/2008 (Date of Announcement)

Misconduct Type: Ethics

Enforcement Agency: SEC

Contracting Party: International

Court Type: Civil

Amount: $0

Disposition: Settlement

Synopsis: The Securities and Exchange Commission charged former KBR executive Albert Jackson Stanley with violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and related provisions of the federal securities laws. The SEC alleges that over a 10-year period, Stanley and other members of a four-company joint venture participated in a scheme to bribe Nigerian government officials in order to obtain construction contracts worth more than $6 billion to build liquefied natural gas facilities in Bonny Island, Nigeria. Without admitting or denying the SEC’s allegations, Stanley consented to the entry of a final judgment that permanently enjoins him from violating the anti-bribery, record-keeping and internal control provisions of Securities Exchange Act of 1934 and also agreed to cooperate with the SEC’s ongoing investigation. See related Halliburton instance, “U.S. v. Stanley (Nigeria LNG Contracts Bribery)” and pending instance, “Bribery to Win International Government Contracts.”