Thursday, November 15, 2007

Chevron's Treasonous UN Oil for Food scandal SETTLED: Agrees to pay $25 million in fines

Chevron is in the clear. Big Oil has won. Chevron has agreed to pay $25 million to make the civil and criminal charges against them in the UN Oil for Food Program 'go away'.
The Securities and Exchange Commission said Wednesday that Chevron had agreed to the settlement under the Foreign Corrupt Practices Act without admitting or denying the charges. But the United States attorney for the Southern District of New York said Chevron could still be prosecuted for criminal tax violations.
Of the $25 million, Chevron will forfeit $20 million under an agreement with the United States attorney’s office in New York and pay $5 million under an agreement with the district attorney’s office in Manhattan NYT

The San Ramon, Calif., oil giant, without admitting or denying wrongdoing, also separately settled civil charges with the Securities and Exchange Commission on Wednesday.

The pact requires Chevron to implement enhanced compliance procedures designed to prevent future violations and to confirm that culpable employees are no longer working with Chevron. Dow Jones Newswire

How convenient for Chevron. How convenient for Condi...considering all this occured during her tenure at Chevron. In fact, Chevron even named a tanker after her, but later had to rename it again due to the UN Oil for Food Scandal. Meanwhile Oscar Wyatt was railroaded for doing the same...including a CRIMINAL TRIAL. Why not for Chevron?

Same Players. Different Scandal.

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