Ex-Halliburton Exec Headed To Prison Over $180 Million Bribery Scheme

"Albert 'Jack' Stanley is the former CEO of KBR, a Halliburton subsidiary at the time of the bribes; he was tapped to run the company in 1998 by future Vice President Dick Cheney, who ran Halliburton between 1996 and 2000. Cheney was not charged in the case." . . .'

The investigation of the bribes crossed four continents over 10 years and involved five companies in Europe, the U.S., Japan and Nigeria. Criminal and civil penalties in the case have yielded more than $1.7 billion in fines, forfeitures and other sanctions. . .'

Stanley, 69, who also pleaded guilty to mail and wire fraud in a separate kickback scheme, agreed to pay $10.8 million in addition to incarceration. He faced a maximum of seven years in prison, but prosecutors said the lighter sentence was merited by his "substantial cooperation" in the investigation. Stanley had pleaded guilty in September 2008, but his sentencing was delayed 16 times, according to Reuters.

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