American Contractor In Iraq Admits Bribing Officials With Cash, Gifts For Construction Jobs...
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An American businessman who is at the heart of one of the biggest corruption cases to emerge from the reconstruction of Iraq has pleaded guilty to conspiracy, bribery and money-laundering charges, according to documents unsealed yesterday in federal court in Washington.
As part of the plea, Philip H. Bloom admitted his part in a scheme to give more than $2 million in cash and gifts to U.S. officials in exchange for their help in getting reconstruction contracts for his companies. Bloom's firms won $8.6 million in reconstruction deals, with an average profit margin of more than 25 percent.
The Washington Post | Griff Witte | April 19, 2006 01:32 PM