Sentencings for former executives delayed - May 11, 2008

Providing coverage of Alaska and northern Canada's oil and gas industryMay 2008

Vol. 13, No. 19

Week of May 11, 2008

Sentencings for former executives delayed

Federal prosecutors aren’t ready just yet to recommend sentences for their two witnesses in an ongoing federal corruption probe in Alaska.

In a status report filed in federal court April 30, prosecutors requested that sentencing for former VECO executives Bill Allen and Rick Smith continue to be postponed as the investigation continues.

Prosecutors wrote the investigation is “exceedingly complex,” and they promised to have another update no later than July 31.

Both Allen and Smith pleaded guilty last year to federal bribery charges. They’ve been key witnesses in the convictions of two former state lawmakers so far.

One more trial is pending.

—The Associated Press

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