The Global Oil Bribery Scheme Caught on Tape

The commodity trading industry has been known for shady behavior since the days of Marc Rich, the infamous godfather of the industry. But the landmark trial of Javier Aguilar has brought to life the inner workings of a modern-day bribery scheme in more detail than ever before. His testimony has painted a picture of an industry which has continued to write its own rules. The question now is whether it will ever change.

00:00 Introduction
00:46 Reporting
02:17 Aguilar and Vitol
03:16 The scheme
05:00 The FBI closes in
06:49 The verdict
07:53 Will things ever change?

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[stoonookw]

Honestly, it's crazy that the US can put this guy in jail and cost Ecuador billions in lost revenue, but they can't put some of our politicians (and their family members) in jail for insider trading in the stock market.

[mirkostanic]

What is the difference between lobbying and bribery? 🧐

[InconspicuousOwl]

Commodity trading is a cutthroat game & bribes is juat how business is done in these countries. This dude seems like a scapegoat for the rest of the industry.

[sutats]

Corruption is everywhere. All it takes is someone willing to dig. Great job guys.

[divinerespect]

Lobbyists advocates big corporations = Billionaires Club

[xcel]

How many investment bankers were prosecuted or jailed in the 2008 banking crash ?

[TexasRiverRat]

It's interesting how they "overlook" that the corruption doesn't just happen elsewhere in the world. I live in Texas, this was based in Houston, follow the money to the source and you'll have the rest of the story.

[Jasonvmays]

Great job, now show a video about lobbying😂

[urbanstrencan]

Just crazy story, thanks for bringing us videos like this 🤟🤟❤

[smarteveryday]

conclusion if you're not among the govt selected oligarch or not sharing profit with them you're not legal.

[gregheffley]

FBI charged Aguilar for bribing a foreign official. Shouldn't this fall under Ecuador's jurisdiction?

[davianoinglesias]

Who's in charge of the racket now? I'm guessing an American

[TiagoLageira]

El Gordo is literally the skinniest one.

[johntaylor]

Meh, America didn't get their cut and were salty.

[RichardDressler]

The prosecutor, for reasons unexplained. Will be seeking only half the potential prison time... Sorry you were saying something about bribes?

[Atilla-mi]

This proves how valuable oil is as a commodity.

[confirmproductions]

The last sentence gave it all away! Beautifully summed up!

[legoyoda]

164 million dollars in fines paid to who though? The US goverment??

[DruggiePlays]

1:26 dude just described OGs like chapo and Escobar 😂

[Souchirouu]

Can you do a video on the NED (National Endowment of Democracy)? Their name keeps popping up whenever there are "democratic" elections where they seem to be major players in funding, providing marketing expertise and connecting high level officials to each other and other major players.