Geee Posted April 20, 2015 Share Posted April 20, 2015 Investors Business Daily: What did Jamie Gorelick know, and when did she know it? On March 25, 2015, Schlumberger Oilfield Holdings Ltd., a subsidiary of Schlumberger Ltd., pled guilty of conspiring to violate the International Emergency Economic Powers Act by engaging in illegal transactions, including trade with Iran and Sudan in violation of sanctions against those two regimes. Schlumberger, originally a French company but now registered in the Netherlands and based out of Houston, Texas, had to pay a $232.7 million penalty to the government as a result of the criminal trading with Iran and Sudan, both of whom are listed as state sponsors of terrorism by the U.S. State Department. The penalty included a $77.5 million criminal forfeiture and an additional $155.1 million criminal fine for activities from early 2004 and continuing through June 2010. It was just chump change for Schlumberger, however, since it represented just 0.19% of the company's $118.7 billion market cap. Link to comment Share on other sites More sharing options...
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