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SEC suspends former PetroTiger general counsel

Jaclyn Jaeger | June 7, 2017

The Securities and Exchange Commission has suspended the former general counsel of oil and gas services provider PetroTiger from practicing before the Commission after he pleaded guilty to violations of the Foreign Corrupt Practices Act.

In 2009 and 2010, Weisman, along with other senior PetroTiger executives, engaged in a conspiracy to bribe a Columbian official to obtain approval for a lucrative contract and further engaged in a fraudulent scheme to obtain kickbacks from the owners of a potential PetroTiger acquisition target.

In September 2015, Weisman was sentenced to two years of probation. He pleaded guilty in 2013 in U.S. District Court for the District of New Jersey to one felony count of conspiracy

to violate the FCPA and the wire fraud statute. New York consequently disbarred Weisman in November 2014 and Pennsylvania in April 2015.

Weisman was an attorney admitted to practice... To get the full story, subscribe now.