FCPA Scorecard Blog
Two Additional Former PetroTiger Employees Sentenced Following FCPA Conspiracy Guilty Pleas
On September 10, Gregory Weisman, former general counsel of oil and gas services company PetroTiger, and Knut Hammarskjold, PetroTiger's co-founder, were each sentenced to two years probation stemming from their prior guilty pleas to conspiring to violate the FCPA and commit wire fraud in connection with a bribe paid to an employee of Colombia's state-run oil company in order to win a $45 million oil-services contract. Both Mr. Weisman and Hammarskjold were ordered to pay restitution as well as fines of $30,000 and $15,000, respectively. Mr. Weisman's and Mr. Hammarskjold's sentencing occurred almost three months after the third PetroTiger co-conspirator, former CEO Joseph Sigelman, received a three-year probation sentence in connection with the same bribes. Mr. Weisman had been the key witness against Mr. Sigelman at Mr. Sigelman's June 2015 trial, but the trial abruptly ended after Mr. Sigelman entered a plea deal.
The DOJ announced the plea after Mr. Weisman informed the court that he gave false testimony regarding the terms of his cooperation agreement. At Mr. Weisman's sentencing, the District Judge referred to the abrupt turn of events at Mr. Sigelman's trial as "the elephant in the room" but noted that misstatements by Mr. Weisman were "peripheral" to the charged offenses.