In September 2024, Glenn Oztemel (previously employed by Arcadia Fuels Ltd. and Freepoint Commodities LLC) was found guilty at trial of FCPA and related offenses in connection with a Brazil bribery scheme. (See here for the prior post).
As stated in the DOJ release: “According to court documents and evidence presented at trial, Oztemel […] paid bribes to officials of Petróleo Brasileiro S.A. (Petrobras), the Brazilian state-owned oil and gas company, to obtain lucrative contracts for Arcadia Fuels Ltd. (Arcadia) and Freepoint Commodities LLC (Freepoint). […] With the assistance of others, Oztemel paid and caused the payment of bribes to Petrobras officials for their assistance in helping Arcadia and Freepoint to obtain and retain fuel oil contracts with Petrobras and by providing Oztemel and others with confidential information regarding Petrobras’ fuel oil business. Oztemel and his co-conspirators caused Arcadia and Freepoint to make corrupt payments — disguised as purported consulting fees and commissions — to a third party intermediary and agent, Eduardo Innecco, 74, knowing that Innecco would pay a portion of those funds to Brazilian officials, including to Houston-based Petrobras trader Rodrigo Berkowitz.”
This recent post took a look at Oztemel’s sentencing memo in which his counsel suggested “that a sentence of probation with a component of home detention and a requirement of significant community service is a fair and just sentence.”
In its sentencing memo, the DOJ stated:
“[T]he Government maintains that the Court should sentence the Defendant to a significant sentence of imprisonment of seven to ten years, commensurate with the serious nature of his extensive, deceptive, and deliberate criminal conduct and his role as one of the leaders and organizers of the international bribery scheme.”
Yesterday, Judge Kari Dooley (D. Conn.) rejected the DOJ’s sentencing recommendation and sentenced Oztemel to 15 months in prison. Oztemel was also ordered to pay a $300,000 fine.
Recently, the DOJ filed a motion to dismiss criminal charges against co-defendant Eduardo Innecco. As stated by the DOJ:
“Defendant Innecco had been arrested in Lille, France, and was pending extradition to the United States, but he fled to Brazil prior to his extradition. On October 26, 2025, Defendant Innecco died of, among other ailments, heart disease and pneumonia.”
