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The Overlooked Lessons of PetroTiger Trial

Tom Fox | July 14, 2015

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...

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