US DOJ convicts former VP of Corsa Coal Corporation for leading a major international bribery and ML scheme, using bribes and kickbacks to secure $140M in coal supply contracts

Between 2016 and 2020, Hobson paid bribes through an intermediary to Egyptian government officials at the state‑owned Al Nasr Company for Coke and Chemicals to secure nearly $140 million in coal contracts, and also received over $200,000 in kickbacks. He was found guilty of violating the Foreign Corrupt Practices Act (FCPA), conspiracy, money laundering, and wire fraud; sentencing will be determined by a federal judge…