Valve Co Exec Pleads Guilty to $1M Bribe Scam

Orange County valve exec Mario Covino has copped to leading a $1 million bribery scheme, funneling cash to foreign officials for business deals across the globe.

The Italian national, who served as worldwide sales director, faces up to five years behind bars after admitting his role in the global corruption conspiracy.

According to court documents, Covino’s actions helped the company secure $5 million in profits from state-owned enterprises, including Petrobras and China National Offshore Oil Company.

Covino also obstructed justice by deleting emails linked to the bribes during a company audit. The FBI is on the case, with sentencing set for July 20th.