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FCPA Scorecard Blog

Foreign Corrupt Practices Act & Anti-Corruption

Aruban telecom official sentenced for money laundering conspiracy involving FCPA violations

DOJ Anti-Money Laundering FCPA

On June 27, Judge Frederico Moreno of the United States District Court of the Southern District of Florida sentenced Egbert Yvan Ferdinand Koolman, an official of Servicio di Telecommunicacion di Aruba N.V. (Setar), to 36 months in prison following his guilty plea for money laundering charges in connection with a scheme to arrange and receive corrupt payments to influence the awarding of contracts in Aruba. According to the DOJ’s press release, Koolman, between 2005 and 2016, used his position as Setar’s product manager to influence the awarding of lucrative mobile phone and accessory contracts with the Aruban state-owned telecommunications company. Koolman also admitted to providing favored vendors with confidential Setar information in exchange for more than $1.3 million in corrupt payments. Koolman was ordered to pay over $1.3 million in restitution and to serve three years of supervised release following his prison term.

Previous Scorecard coverage of this matter can be found here.

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