Settlements

ST-137
Bayoil (USA) Inc. / David Chalmers / Ludmil Dionissiev (UN Oil-for-Food)
David Chalmers/ Bayoil
United States
United States Attorney for the Southern District of New York
Iraq (UN Oil-for-Food)
2008
08/17
Unknown
Individual
Criminal
Guilty Plea
Criminal Fine
$5,000.00
$5,000
$0
Art.16
Art. 1
Multiple counts of conspiracy to commit wire fraud, violations of sanctions, smuggling of goods
Smuggling of goods
Yes
According to a press release by the United States Attorney for the Southern District of New York, "David B. Chalmers, Jr. [ ] and two corporations that he operated -- BAYOIL (USA), INC. [ ] BAYOIL SUPPLY & TRADING LIMITED, a Bahamian company with principal offices in Nassau, Bahamas (collectively, the "BAYOIL COMPANIES"). CHALMERS and the BAYOIL COMPANIES each pleaded guilty today before United States District Judge DENNY CHIN to participating in a scheme to pay illegal surcharges to the former Government of Iraq in connection with the purchase of crude oil in the United Nations Oil-for-Food Program between mid-2000 and 2003. Judge CHIN also accepted earlier today the guilty plea of LUDMIL DIONISSIEV to related smuggling charges. DIONISSIEV worked with CHALMERS and the BAYOIL COMPANIES during the course of this scheme to purchase Iraqi oil. CHALMERS and the BAYOIL COMPANIES each pleaded guilty to participating in a conspiracy to commit wire fraud related to the payment of secret illegal surcharge payments to the former Government of Iraq." (Source: United States Attorney for the Southern District of New York, "U.S. Announces Four Guilty Pleas in Oil-for-Food Case," August 17, 2007.) According to the Court Docket Report in US v. Chalmers, et al, Dionissiev paid the $5,000 fine on December 17, 2007. (Source: US v. Chalmers, et al Case No. 1:05-cr-00059-DC (S.D.N.Y.), Court Docket Report as of October 26, 2011.)