PetroTiger’s Former Co-CEO Pleads Guilty During Bribe Trial
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The former co-chief executive officer of PetroTiger Ltd. pleaded guilty during his trial on charges that he conspired to bribe an official at Colombia’s state-controlled oil company.
Joseph Sigelman, who faced as many as 20 years in prison, ended his jury trial in Camden, New Jersey, with a deal that calls for a sentence ranging from probation to a year and a day behind bars. Prosecutors agreed to the plea in the trial’s third week after Sigelman’s lawyer attacked their star witness during cross-examination.