Ex-KBR employee sentenced for Iraq kickbacks
Mon Dec 4, 2006 2:11pm ET
HOUSTON, Dec 4 (Reuters) - A former employee of KBR (KBR.N: Quote, Profile , Research), the Pentagon's largest private contractor in Iraq, was sentenced to a year in prison by a federal judge late last week for taking kickbacks from a Saudi company to which he awarded dining subcontracts in Iraq.
U.S. District Judge Joe McDade also ordered Stephen Lowell Seamans to pay restitution of $380,130 for taking $133,000 in kickbacks for directing the KBR contracts worth $21.8 million to Tamimi Global Co., the U.S. Attorney for the Central District of Illinois said in a statement.
KBR, which was spun off from oil services group Halliburton Co. (HAL.N: Quote, Profile , Research) through an initial public offering last month, has billed more than $16 billion for work in Iraq.
Seamans, who pleaded guilty in March to wire fraud and conspiracy for taking the kickbacks, worked in 2002 and 2003 as procurement materials and property manager for KBR in Kuwait, where he awarded work to subcontractors under KBR's multibillion-dollar LOGCAP III contracts with the U.S. Army. >>>cont
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HOUSTON, Dec 4 (Reuters) - A former employee of KBR (KBR.N: Quote, Profile , Research), the Pentagon's largest private contractor in Iraq, was sentenced to a year in prison by a federal judge late last week for taking kickbacks from a Saudi company to which he awarded dining subcontracts in Iraq.
U.S. District Judge Joe McDade also ordered Stephen Lowell Seamans to pay restitution of $380,130 for taking $133,000 in kickbacks for directing the KBR contracts worth $21.8 million to Tamimi Global Co., the U.S. Attorney for the Central District of Illinois said in a statement.
KBR, which was spun off from oil services group Halliburton Co. (HAL.N: Quote, Profile , Research) through an initial public offering last month, has billed more than $16 billion for work in Iraq.
Seamans, who pleaded guilty in March to wire fraud and conspiracy for taking the kickbacks, worked in 2002 and 2003 as procurement materials and property manager for KBR in Kuwait, where he awarded work to subcontractors under KBR's multibillion-dollar LOGCAP III contracts with the U.S. Army. >>>cont
LinkHere
posted by Kangaroo Brisbane Australia at 5:25 PM
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