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Thursday, March 8, 2012

Ex-KBR Chief Gets 30 Months in Prison for Bribery

Former KBR Inc. chief executive Albert 'Jack' Stanley
arrives at the federal courthouse for sentencing in Houston,
02/23/12. (photo: AP)
By Michael Graczyk, Associated Press
26 February 12

fter years of sentencing delays, a former KBR Inc. chief executive received two and a half years in prison Thursday for his role in a scheme to bribe Nigerian government officials in return for $6 billion in engineering and construction contracts.

Albert "Jack" Stanley also must serve three years of probation and pay $1,000 a month in restitution after he is released.

Stanley pleaded guilty in 2008 to conspiring in the decade-long scheme related to the company's natural gas operations in Nigeria from 1995 to 2004. Stanley was KBR's chief executive until 2001 and chairman until June 2004.

The 69-year-old spoke to U.S. District Judge Keith Ellison in court Thursday, saying that alcoholism played a role in compromising the traditional American values of hard work, honesty and integrity that he brought to his professional life.

"I lost touch," he said. "I wish to be very clear that I accept full responsibility for what I have done ... and hope to be able to continue to make amends for my past."    READ MORE

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