Former Oil Services CEO Sentenced for Roles in Foreign Bribery Scheme
In a shocking turn of events, a former oil services CEO and executive have been sentenced to prison for their involvement in a massive foreign bribery conspiracy.
Anthony ‘Tony’ Mace, 66, of the United Kingdom, the former CEO of SBM Offshore, N.V. (SBM), a Dutch oil services company, and a former Board Member of SBM’s U.S.-based subsidiary, SBM Offshore USA Inc. (SBM USA), was sentenced to serve 36 months in prison and a fine of $150,000.
Robert Zubiate, 66, of Agoura Hills, California, a former sales and marketing executive at SBM USA, was sentenced to serve 30 months in prison and a fine of $50,000.
The scandal involved the payment of millions of dollars to public officials in exchange for lucrative oil-services contracts.
The scheme took place in Brazil, Angola, and Equatorial Guinea, with Mace and Zubiate allegedly paying bribes to officials at state-controlled oil companies in these countries.
Their actions have been condemned by Assistant Attorney General Brian A. Benczkowski, who said, ‘Anthony Mace and Robert Zubiate played key roles in a massive bribery scheme that involved the payment of millions of dollars to public officials in exchange for lucrative oil-services contracts.’
The sentencing marks a significant blow to the two executives, who have been held accountable for their crimes.
In November 2017, Mace and Zubiate each pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) in connection with the bribery scheme.
According to their plea agreements, Mace acknowledged that prior to becoming CEO, other employees of SBM entered into an agreement to pay bribes to foreign officials.
Mace admitted to authorizing payments in furtherance of the bribery scheme and deliberately avoiding learning that those payments were bribes.
The case is a prime example of the US government’s commitment to pursuing corrupt companies and individuals who misuse the financial system to commit FCPA violations.
The sentencing serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
HSI Special Agent in Charge Mark Dawson said, ‘This case is a prime example of Homeland Security Investigations’ enduring commitment to work closely with our foreign law enforcement partners to track down those who seek to gain an unfair competitive advantage in the international marketplace.’
The exact dates of the bribery scheme and the sentencing of Mace and Zubiate are not specified in the article, but it is mentioned that they pleaded guilty in November 2017.
The defendants’ involvement in the bribery scheme has been extensively documented, with Mace acknowledging that he authorized payments in furtherance of the scheme and deliberately avoided learning that those payments were bribes.
The case is a significant blow to the two executives, who have been held accountable for their crimes.
Mace’s involvement in the bribery scheme included maintaining a spreadsheet reflecting payments to five individuals, despite being aware of the high risk that those individuals were Equatorial Guinean officials.
He authorized SBM to make over $16 million in payments to those individuals, despite knowing that the payments were likely bribes.
The scheme involved the payment of millions of dollars to public officials in exchange for lucrative oil-services contracts, with the goal of gaining an unfair competitive advantage in the international marketplace.
The sentencing of Mace and Zubiate serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
The case is a prime example of the US government’s commitment to pursuing corrupt companies and individuals who misuse the financial system to commit FCPA violations.
The defendants’ involvement in the bribery scheme has been extensively documented, with Mace acknowledging that he authorized payments in furtherance of the scheme and deliberately avoided learning that those payments were bribes.
The sentencing serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
The case is a significant blow to the two executives, who have been held accountable for their crimes.
The sentencing of Mace and Zubiate marks a significant blow to the two executives, who have been held accountable for their crimes.
The case is a prime example of the US government’s commitment to pursuing corrupt companies and individuals who misuse the financial system to commit FCPA violations.
The defendants’ involvement in the bribery scheme has been extensively documented, with Mace acknowledging that he authorized payments in furtherance of the scheme and deliberately avoided learning that those payments were bribes.
The sentencing serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
The case is a significant blow to the two executives, who have been held accountable for their crimes.
The sentencing of Mace and Zubiate serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
The defendants’ involvement in the bribery scheme has been extensively documented, with Mace acknowledging that he authorized payments in furtherance of the scheme and deliberately avoided learning that those payments were bribes.
The case is a prime example of the US government’s commitment to pursuing corrupt companies and individuals who misuse the financial system to commit FCPA violations.
The defendants’ involvement in the bribery scheme has been extensively documented, with Mace acknowledging that he authorized payments in furtherance of the scheme and deliberately avoided learning that those payments were bribes.
The case is a significant blow to the two executives, who have been held accountable for their crimes.
The sentencing serves as a warning to corporate executives everywhere: if you pay bribes to advance your business interests, you will be caught and prosecuted to the fullest extent of the law.
Key Facts
- State: Texas
- Category: Public Corruption
- Source: DOJ Press Release â†â€â€
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