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Convicted Coal Executive Used Bribes to Secure Millions in Sales Contracts
A federal jury has convicted Charles Hunter Hobson, former vice president of Corsa Coal Corporation, for his role in a multi-year scheme to bribe Egyptian government officials in connection with nearly $140 million in coal supply contracts.
Hobson, 50, of Knoxville, Tennessee, conspired to and did pay bribes to Egyptian government officials, known as ‘the Team,’ between 2016 and 2020, in order to win contracts for Corsa to sell coal products to Al Nasr Company for Coke and Chemicals (Al Nasr), a state-owned and state-controlled chemical manufacturing company in Egypt.
The bribes were paid through an intermediary in Egypt, who received more than $4.8 million in purported sales commissions. In addition to using the corrupt commissions to pay bribes, the intermediary paid Hobson over $200,000 in kickbacks from the scheme.
Hobson faces a maximum penalty of five years in prison on each of the FCPA and FCPA conspiracy counts, and a maximum penalty of 20 years in prison on the money laundering conspiracy, money laundering, and wire fraud conspiracy counts, respectively.
Frederick Cushmore Jr., another Corsa executive, previously pleaded guilty for his role in the scheme and is awaiting sentencing. The FBI’s investigation into Corsa was resolved in March 2023 through a declination and the disgorgement of profits as defined in Part I of the Criminal Division’s Corporate Enforcement and Voluntary Self-Disclosure Policy.
The case against Hobson is the latest result of the FBI’s work to investigate individuals who resort to corrupt practices to increase international business.
Key Facts
- State: Federal
- Category: Public Corruption|White Collar Crime
- Source: DOJ Press Release â†â€â€
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