Petrobras oil trader to plead guilty in U.S. money-laundering case, documents show GlobeBusiness
Women walk in front of the headquarters of Brazil's state-run Petrobras oil company, in Rio de Janeiro, Brazil, on Dec. 5, 2018.A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show.
Vitol declined to comment on the plea agreement, adding it has a zero-tolerance policy for bribery and corruption and co-operates fully with relevant authorities. Petrobras said it fired Berkowitz and is working with prosecutors in Brazil. But Berkowitz signed his name to an application to plead guilty that was filed with court records. The application was approved by Judge Raymond Dearie, of federal court in Brooklyn.
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