The disgraced executive from Alaska’s oil services, Bill J. Allen, passed away in Colorado on Wednesday, according to a Grand Junction funeral home. He was 85.
The disgraced executive from Alaska’s oil services, Bill Allen, passed away in Colorado on Wednesday, according to a Grand Junction funeral home. He was 85.
The disgraced executive from Alaska’s oil services, Bill Allen, passed away in Colorado on Wednesday, according to a Grand Junction funeral home. He was 85. In the middle of the 2000s, a political corruption scandal involving Alaska involved Allen and Veco, his oil field services business. After entering a guilty plea in 2007 to bribery charges, Allen served as the main government witness.
Several state representatives who accepted cash from Allen and Veco were given prison sentences. The former oilman in Alaska had his business empire, career, and reputation crumble in the midst of a thorough and prominent public corruption investigation.
He served as the federal prosecutors’ go-to witness for almost three years, confessing to giving money and promises to state legislators involved in a revision of the state’s oil taxation. Ted Stevens, a former senator from Alaska, was found guilty in 2008 of failing to properly disclose gifts, and Allen was a major witness against him. Later, the case was dropped.
Federal prosecutors in the case were found to have participated in “significant, widespread and, at times, purposeful misconduct,” according to an investigation. Allen served time in federal prison after being found guilty of bribery and tax offenses. He acknowledged bribing Alaskan state legislators with money and other gifts to support oil and gas legislation that would benefit his organization and its clients.
Bill J. Allen Age, Family, Early Life
Bill J. Allen on born on April 6, 1937(85 years old). He holds an American nationality. He belongs to the white ethnicity. His Zodiac sign is Aries.
There isn’t any information available on Bill J. Allen’s family members.
Bill J. Allen Wife, What about his Children?
Bill J. Allen has a spouse. Bill Allen had three kids, but nobody is sure who his wife was.
Bill J. Allen’s Career, What was his profession?
Bill J. Allen was the CEO of the Alaskan oilfield services firm VECO Corporation and an American businessman. Wayne Veltri started the oil pipeline service and construction firm VECO in Alaska (VECO is short for Veltri Co). Bill Allen was born in New Mexico and moved to the oil fields of Alaska when he was 16 years old to pursue a career as a welder in order to support his family.
VECO started out as a one-truck welding and repair business but quickly expanded to become a significant participant in the support services market for the oil industries in Alaska and around the world. Additionally, he constructed a for-profit prison in Barbados.
With subsidiaries in numerous significant oil markets, including Sudan, Russia, Mexico, Venezuela, and Syria, VECO was a prominent player in the global oil sector. Alaska’s economy was significantly impacted by VECO, which also employed more than 5,000 people globally.
How much is Bill J. Allen Net Worth?
The estimated net worth of Bill J. Allen is $30 million.
Which school and college did he go to?
Bill J. Allen studied at Harvard Law School and the University of Montana.
Is he available on any kind of social media platform?
Bill J. Allen is not available on social media platforms such as Facebook, Instagram, or Twitter.
Physical Appearance of Bill J. Allen’s Height, Weight
Interesting facts about Bill J. Allen’s should be knows