Story Created:
Oct 28, 2009 at 10:28 AM AKDT
Story Updated:
Oct 28, 2009 at 10:28 AM AKDT
The businessman at the center of a federal investigation of corruption in Alaska politics has been sentenced to three years in prison.
Bill Allen, former chief executive of VECO Corp., was sentenced
Wednesday and fined $750,000 for bribery and conspiracy.
He 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.
VECO Corp. was an oil field services company that did millions of dollars in contracting work for oil producers, including design, construction and maintenance jobs.
After his sentencing, Allen said through his attorney he had no comment.
