FCPA: Connecticut Oil Traders Pay $106 million to Clean Up Brazil Graft

Posted 12/15/23

Operation Car Wash, the wide ranging graft case involving Petrobras officials and the commodity trading community snared another trophy culprit.

Stamford, Connecticut based Freepoint Commodities agreed to pay the DOJ $98 million to resolve an investigation into bribery of Brazilian government officials. The firm has also agreed to pay more than $7.6 million to the Commodity Futures Trading Commission in a related matter.

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