Vitol

Former Vitol Oil Trader’s Counsel Reveals Shocking Details in Bribery Case Alleging $500 Million Fraud

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NEW YORK, N.Y. – A former Vitol oil trader is facing charges of allegedly funneling bribes to officials in Mexico and Ecuador in order to secure more than $500 million in state contracts. The accused individual appeared in a New York federal court on Friday, where their counsel argued against the charges. The prosecution claims that the former Vitol oil trader participated in a scheme to bribe officials in Mexico and Ecuador in exchange for lucrative state contracts. The alleged bribes totaled over $500 million. The case has drawn attention due to the scale of … Read more

Former Vitol Oil Trader Allegedly Orchestrated Bribery Scheme in Houston, Unveils Prosecutors

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HOUSTON (AP) — A former oil trader at Vitol has been accused of running a bribery scheme from Houston, according to prosecutors. The trader, who was identified as Anthony Stimler, allegedly paid bribes to officials in Brazil, Ecuador, and Mexico to secure oil trading deals. Court documents reveal that Stimler used intermediaries to funnel over $8 million in bribes to government officials. The bribes were disguised as payments for consulting services or charitable donations. The scheme reportedly lasted from 2015 to 2020. Prosecutors claim that Stimler’s actions violated the Foreign Corrupt Practices Act, which prohibits … Read more