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caniff
Joined: 03 Feb 2004
Location: All over the map
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 Posted: Sat Dec 11, 2010 5:13 am Post subject: Halliburton plans plea bargain in Cheney corruption case |
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LAGOS, Nigeria � Halliburton is planning to make a plea bargain in former U.S. Vice President Dick Cheney's corruption case, Nigerian officials told GlobalPost.
Nigeria's anti-corruption agency charged Cheney as the head of Halliburton when its engineering subsidiary, KBR, allegedly paid bribes totaling $180 million to secure contracts worth $6 billion.
KBR has admitted to bribing officials. Last year the company pleaded guilty in a U.S. federal court to paying the bribes to Nigerian officials prior to 2007, when it was a subsidiary of Halliburton. KBR, which is now independent from Halliburton, agreed to pay $597 million in fines, according to the Associated Press. |
The Nigerian Anti-Corruption Agency is going big-game hunting.
From the comments:
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Etchuta 20 hours ago
Dick Cheney is a good man. He had nothing to with it. He helped protect us from Terrorists. Dick can just walk into the CIA and have these bad Nigerians assassinated. But he wouldn't do that either. He is too kind. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Sat Dec 11, 2010 8:44 am Post subject: |
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..totaling $180 million to secure contracts worth $6 billion...
...agreed to pay $597 million in fines
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So the total price of the contract was 777m. It's rational to bribe if the fines are so paltry compared to the outcome of the bribe.
Cheney is one of those guys who shows up over and over again in vile situations. He's probably evil. |
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Fox
Joined: 04 Mar 2009
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| Posted: Sat Dec 11, 2010 5:33 pm Post subject: |
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| mises wrote: |
| Quote: |
..totaling $180 million to secure contracts worth $6 billion...
...agreed to pay $597 million in fines
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So the total price of the contract was 777m. It's rational to bribe if the fines are so paltry compared to the outcome of the bribe. |
Yep. Until the financial penalties for corporate crime become the total amount of profit that could be even hypothetically linked to the crime + some other figure calibrated against the net worth of the corporation in question, deterrence is impossible.
Even that might not be enough. People may simply need to face individual penalties for their misdeeds, even if those misdeeds are performed in an official corporate capacity. |
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Space Bar
Joined: 20 Oct 2010
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| Posted: Sat Dec 11, 2010 10:21 pm Post subject: |
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| Whatever happened to treble damages? Why aren't they prosecuted under RICO? |
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visitorq
Joined: 11 Jan 2008
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| Posted: Sun Dec 12, 2010 11:06 pm Post subject: |
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| mises wrote: |
| He's probably evil. |
Most definitely... but he's also just another globalist flunky at the end of the day (albeit a high-up one)... He's only obeying orders after all.
One of my favorite video clips is of Cheney licking the boots of David Rockefeller at a Council of the Americas conference. Rockefeller comes up and pats him the head like the little stooge he is and tells him what a good boy he's been.
http://www.youtube.com/watch?v=SiMiMuMqXrE&feature=related
And of course the one where he admits deliberately lying about being a director of the Council on Foreign Relations while he was campaigning at home in Wyoming (note the evil grin as he says it):
http://www.youtube.com/watch?v=c1cFwkmSOXg |
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