Trader Sentenced In Petrobras Bribery Scheme

Posted 12/12/25

A former oil trader was sentenced to 15 months in federal prison on Tuesday for his role in an international bribery and money-laundering scheme involving Brazil’s state-owned oil company, according to the U.S. Department of Justice. Glenn Oztemel, 66, of Westport, Conn., was also ordered to pay a $300,000 fine.

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