Ousama Naaman, a former agent for U.S. Company Innospec Inc. was sentenced yesterday to 30 months in prison and ordered to pay a $250,000 fine for his participation in a conspiracy to defraud the United Nations Oil for Food Program (OFFP) and in bribing former Iraqi government officials. Naaman previously pleaded guilty to violating the U.S. Foreign Corrupt Practices Act (FCPA), conspiracy to commit wire fraud and falsifying the books and records of a U.S. issuer. He received his sentence in U.S. District Court for the District of Columbia. Further details of the case can be found here.
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