WASHINGTON D.C., DC — On Thursday, a Bridgeport jury convicted a Westport resident who was an oil and gas trader for participating in a scheme to bribe Brazilian government officials and launder money to secure business for two Connecticut-based commodities trading companies, according to the U.S. Department of Justice.
Glenn Oztemel, 65, paid bribes to officials of Petróleo Brasileiro S.A., or Petrobras, a Brazilian state-owned oil and gas company, to acquire lucrative contracts for Arcadia Fuels Ltd., or Arcadia, and Freepoint Commodities LLC, or Freepoint, according to court documents and evidence presented in court.
Principal Deputy Assistant Attorney General Nicole Argentieri, head of the Justice Department’s Criminal Division, said Oztemel paid and laundered more than $1 million in bribes to employees of the Brazilian state-owned oil and gas company to gain contracts for his commodities-trading companies in Connecticut…