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SEC v. Willbros Group, Inc., Jason Steph, Gerald Jansen, Lloyd Biggers, Carlos Galvez

 
:
Willbros - Biggers, Lloyd
:
SEC Civil
:
May 14, 2008
:
SEC v. Willbros Group, Inc., Jason Steph, Gerald Jansen, Lloyd Biggers, Carlos Galvez
:
SEC v. Willbros Group, Inc., et. al, No. 4:08-cv-01494 (S.D. Tex. 2008)
:
Biggers was only charged by the SEC while more senior and culpable officers were charged by the DOJ.
:
Energy (Non-Utility)-Oil & Gas-Other/Multi
:
Nigeria
:
2003; 2004; 2005
:
1) officials of state-owned Nigerian National Petroleum Corporation ("NNPC"); 2) officials of NNPC's subsidiary National Petroleum Investment Management Services ("NAPIMS'); 3) officials of NNPC's majority-owned joint venture operator, Shell Petroleum Development Company of Nigeria ("SPDC"); 4) a senior official in the executive branch of the Nigerian federal government; 5) officials in the dominant political party in Nigeria; 6) Nigerian tax officials; and 7) Nigerian court officials.
:
Biggers settled the SEC action without admitting or denying the allegations set forth in the SEC complaint as follows: Lloyd Biggers worked for Willbros International, Inc. (“WII†�), a wholly-owned subsidiary of Willbros Group, Inc. (“WGI†�). He was assigned to Nigeria from approximately 1995 through his termination as an employee in April 2005. WGI violated the FCPA when a WII officer and subsidiaries' employees used contractual payments, fraudulent loans, and petty cash obtained by fraudulent invoices to funnel money to two “consultants†� to bribe foreign officials from Nigeria to obtain and retain construction projects, lower tax liabilities, and influence litigation. See the WGI entry for additional information. FALSE INVOICES The SEC also alleged that WII employees in Nigeria, including Biggers, from the early 1990's through 2005 abused petty cash accounts to pay clerks and other officials within the Nigerian justice and tax systems for favorable treatment in pending cases and to obtain favorable tax treatment. Biggers and others improperly obtained cash from WGI's office in Houston by obtaining fictitious invoices to inflate the cash needed by the Nigerian operating subsidiaries, knowing that amounts would be diverted to make improper payments to government officials. At least $300,000 of this money was used to make payments to Nigerian tax and court officials, and Steph used $350,000 from petty cash accounts that were fraudulently funded through this scheme to pay part of prior "commitments" related to contract procurement efforts. Having settled the civil action, the case against Biggers is terminated.
:
Aiding and abetting anti-bribery, Aiding and abetting books and records, Aiding and abetting internal controls, Books and records (Individual), Internal Controls (Individual)
:
Civil Settlement, Injunction/Cease and desist
:
In settling the SEC matter, Biggers agreed to a permanent injunction against future violations of the provisions alleged.
:
Not stated.
:
0
:
Aider/abettor, Person (B&R/internal controls)
:
U.S.
:
Contract Procurement/Retention, Legislation, Tax
:
Not stated.
:
Cash, Wire/check
:
Sales Agent/Consultant
:
650,000
:
Nigeria
:
No