Tuesday, May 15, 2007

Execs plead guilty to bribing lawmakers


Two top officers of an oil services company pleaded guilty Monday to bribing Alaska lawmakers with cash and the promise of jobs, contracts and favors for their backing on bills supported by the multinational firm.

Bill J. Allen, founder and chief executive of Anchorage-based VECO Corp., and Rick Smith, a vice president, pleaded guilty in U.S. District Court to extortion, bribery, and conspiracy to impede the Internal Revenue Service.

Allen's attorney did not immediately return calls made to his office Monday. Smith's attorney, John Murtagh, declined comment.

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