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 | Enforcement Action Dataset

Stanford Foreign Corrupt Practices Act Clearinghouse a Collaboration with Sullivan & Cromwell LLP

Enforcement Action Dataset

 
United States of America v. Roberto Finocchi · Sargeant Marine's Involvement in Brazil, Ecuador, and Venezuela between 2010 and 2018

Case Information

United States of America v. Roberto Finocchi

Related FCPA Matter:   Sargeant Marine's Involvement in Brazil, Ecuador, and Venezuela between 2010 and 2018 Information

Case Information

Initiation Date:    11/17/2017  Information

Prosecuting Agency:    U.S. Department of Justice

Type of Action:    DOJ Criminal Proceeding

Docket or Case Number:    17-cr-00600

Court:    E.D. New York

Name of Prosecuting Attorneys:   

  • Bridget M. Rohde, Acting U.S. Attorney
  • Sandra L. Moser, Acting Chief, Fraud Section, Criminal Division
  • Mark E. Bini, Assistant United States Attorney
  • Whitman G.S. Knapp, Assistant United States Attorney

US Assisting Agencies:   Unknown

Foreign Enforcement Action/Investigation:   Unknown

Foreign Assisting Agencies:   Unknown

Origin of the Proceeding:    Unknown

Whistleblower:    Unknown

Case Status:    Resolved


Summary  Information

Sargeant Marine Inc., based in the U.S., was one of the largest asphalt providers in the world. Sargeant Trading, incorporated in the Bahamas but headquartered in the U.S., was one of a group of companies related to Sargeant Marine.

Roberto Finocchi worked as a trader for Sargeant Trading and related companies from approximately 2006 through 2017.

According to the documents in this case, between 2010 and 2017, Finocchi conspired with others to pay bribes to Brazilian government officials, including officials with Brazil's national oil company, Petroleo Brasileiro S.A. - Petrobras. The bribes were made through intermediary consultants and shell companies and were made in order to obtain business for Sargeant Marine and its associated companies. In all, Sargeant Marine and related companies obtained contracts with Petrobras with a value in excess of approximately $185 million.

On November 17, 2017, the DOJ filed a single count Information in the Eastern District of New York against Finocchi alleging conspiracy to violate the anti-bribery provisions of the FCPA. According to the docket in this case, Finocchi pled guilty on the same day, but the plea agreement appears to be under seal. Thus, the terms of the agreement are not known. On April 26, 2024, the court sentenced Finocchi to time served in prison and ordered him to pay a mandatory assessment of $100.

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