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Web posted
Friday, October 30, 2009
Allen sentenced
Bill Allen, former chief executive of Veco Corp. leaves federal court Oct. 28 in Anchorage after he was sentenced to three years in prison and fined $750,000 for bribery and conspiracy. Allen pleaded guilty in May 2007 to improperly influencing a handful of state lawmakers with the aim of passing legislation that was beneficial to the petroleum industry. Allen's sentencing was delayed as federal prosecutors pursued cases against elected officials with Allen's cooperation. Allen's testimony played a role in the downfall of former Alaska Sen. Ted Stevens. Documents were filed in late October that links Alaska Rep. Don Young to the corruption case. The filing alleges Young illegally received gifts totaling nearly $200,000 over 13 years from Veco. Veco was an oil field services company that did millions of dollars in contracting work for oil producers, including design, construction and maintenance jobs. Allen said through his attorney he had no comment.
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