On June 15, Joseph Sigelman signed a plea agreement to plead guilty to conspiracy to violate the Foreign Corrupt Practices Act. The Justice Department made the announcement in a press release. The next day he was sentenced by Judge Joseph Irenas to probation and fined $239,000 for his role in a bribery scheme involving the company where he had been co-chief executive officer, PetroTiger.
Sigelman’s plea was the third involving former PetroTiger officers. The two former officers were co-CEO Knut Hammarskjold, who pleaded guilty to the same charges, and former general counsel Gregory Weisman, who pled guilty in 2013 to one count of conspiracy to violate the FCPA and to commit wire fraud.
