Categories: Bribery in Business

The Global Oil Bribery Scheme Caught on Tape



The commodity trading industry has been known for shady behavior since the days of Marc Rich, the infamous godfather of the industry. But the landmark trial of Javier Aguilar has brought to life the inner workings of a modern-day bribery scheme in more detail than ever before. His testimony has painted a picture of an industry which has continued to write its own rules. The question now is whether it will ever change.

00:00 Introduction
00:46 Reporting
02:17 Aguilar and Vitol
03:16 The scheme
05:00 The FBI closes in
06:49 The verdict
07:53 Will things ever change?

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