Guilty plea in FCPA case

The former manager of a Houston-based freight forwarding company pleaded guilty to one count of conspiracy to violate the FCPA after admitting to bribing an official at Venezuela’s state energy company, Petróleos de Venezuela S.A. (PDVSA). The PDVSA official who received the bribes pleaded guilty to conspiracy to commit money laundering in July 2017. Both men will be sentenced in February 2019.