NEW: An oil deal helped catapult Todd Kozel, co-founder of Gulf Keystone, to a new level of wealth, leading to a life of private jets, fine wines, and strippers.
But a bitter divorce brought him tumbling back to earth and exposed a kickback deal. 1/
occrp.org/en/investigati…
But a bitter divorce brought him tumbling back to earth and exposed a kickback deal. 1/
occrp.org/en/investigati…
The US-Iraq war changed the fortune of Gulf Keystone after it signed a deal with Kurdistan to develop its “oil field of dreams.” On the very same day, it inked a deal to give a Kurdistan politician potentially huge kickbacks, in return for “government relations services.” 2/
Kozel’s lavish lifestyle came back to haunt him. His wife divorced him after his affair with a Lithuanian model. The court case revealed his excesses and led to charges including money laundering. 3/
An offshore trust in Jersey, a U.K. dependency, bought shares in Gulf Keystone just before its big discovery. Court papers show it was secretly getting instructions from Kozel. He has pleaded guilty to failure to file tax returns and now faces a $22m tax bill and prison time. 4/
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