20 September 2013 23:19 [Source: ICIS news]
HOUSTON (ICIS)--A former employee pleaded guilty to defrauding ExxonMobil of more than $1m (€740,000) while he worked at the company's Baytown Olefins plant, the US Attorney's Office said on Friday.
Garry Arnold worked at the company from 2004-2010, overseeing the maintenance and repair of several large furnaces, the office said.
Arnold billed the company for more than $1m in furnace parts and fabrication services that were either never provided, were provided with material already owned by ExxonMobil or were provided at excessive costs, the office said.
Arnold shared the proceeds with an unnamed person, who allegedly helped with the scheme, the office said.
Sentencing is scheduled for 13 December. Arnold faces up to 20 years in prison. He could also pay a fine of either $250,000 or an amount that is twice the level that he gained from the scheme.
In a statement, ExxonMobil said it cooperated fully with the US Attorney's Office.
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections