Bill Allen and Richard Smith were sentenced today in the VECO Corporation corruption case, according to this press release.
Bill J. Allen and Richard L. Smith were each sentenced in separate hearings today for their participation in a corruption scheme in which they provided approximately $395,000 in corrupt payments to public officials from the state of Alaska, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division. Allen and Smith were sentenced in U.S. District Court for the District of Alaska by U.S. District Court Judge John W. Sedwick.
Allen, 72 , the former chief executive officer of VECO Corporation, was sentenced to 36 months in prison, a $750,000 fine and three years of supervised release. Smith, 64 , the former vice president of community and government affairs for VECO Corporation, was sentenced to 21 months in prison, a $10,000 fine and three years of supervised release.