Settlements

ST-89
Bribery by Oil Services and Freight Forwarding Companies / Noble Corporation / Thomas F. O'Rourke
Bribery by Oil Services and Freight Forwarding Companies
United States
Securities and Exchange Commission
Nigeria
2012
02/24
Unknown
Individual
Civil
Consent to Permanent Injunction
Civil Penalty
$35,000.00
$0
$0
$35,000
$0
Art.16
Art. 1, Art. 8
Aiding and Abetting Noble Corporation's violations of the anti-bribery, books and records, and internal controls provisions; Internal Controls and False Records violations
No admission or denial of alleged offenses
No (Customs)
According to a Press Release by the US Securities and Exchange Commission, the agency had filed a complaint against Thomas F. O'Rourke, former controller and head of internal audit at Noble Corporation, along with two other company executives whom the agency alleged perpetrated a scheme to bribe Nigerian customs officials to grant new temporary permits illegally and "favorably exercise or abuse their discretion to grant permit extensions." The press release noted that "Noble Corporation was charged with FCPA violations as part of a sweep of the oil services industry in late 2010. The company cooperated with investigators and agreed to pay more than $8 million to settle civil and criminal cases." (Source: US Securities and Exchange Commission Press Release, "SEC Charges Three Oil Services Executives with Bribing Customs Officials in Nigeria," February 24, 2012.)