Connecticut Oil Trader Found Guilty of Foreign Bribery
In a September 26, 2024, Press Release the U.S. Department of Justice (“DOJ”) announced Glenn Oztemel from the U.S. state of Connecticut was convicted of paying over $1 million in bribes to officials at Brazil’s state oil company in exchange for contracts and improper business advantages for two companies he worked for, Freepoint Commodities and Arcadia. A federal jury in Bridgeport, Connecticut convicted Glenn Oztemel a former oil and gas trader for bribery in connection with a scheme to bribe Brazilian government officials and money laundering charges.