OK - now corporate crime beat, sentencing in USA v. Glencore International A.G., a Glencore rep just told Inner City Press it'll get emailed statement / spin after. (Note: #SBF Bankman-Fried lawyer Mark Cohen representing Ian and Laurethe Hagen (Interested Party 
Glencore pled guilty to anti-bribery provisions of FCPA. Judge Schofield accepts corrected plea agreement, says max sentence is $630 million fine.
Judge Schofield: This was a scheme to pay $100 million in bribes. "The defendant has no criminal history" - but 2012 bribery by Rotterdam subsidiary. Glencore getting credit for "cooperating with the government."
Glencore counsel: As soon as they got the grand jury subpoena, July 2 in Geneva, they hired us as outside counsel. We had some disagreements with the government, we negotiated. We had some difficulties with Swiss secrecy laws.
Judge Schofield: Glencore made over 3 billion Swiss francs in 2021. How does this fine relate to that?
Glencore counsel: We paid the DR Congo, and Connecticut, and the CFTC. It's material.
Glencore counsel: We paid the DR Congo, and Connecticut, and the CFTC. It's material.
Judge Schofield: I accept this sentence: a fine of $429 million, to the US, UK and Switzerland. Also forfeiture, and restitution to Crusader DRC. 5 years of probation. Adjourned: story soon on InnerCityPress.com and Patreon.com/matthewrussell…
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