[Zero Hedge] The ironically named Rear Admiral Bruce Loveless (so many potential one-liners here but we'll let you create your own), along with 8 other senior Navy officials, including four retired captains and a retired marine colonel, have been arrested today in the so-called 'Fat Leonard' bribery scandal and charged with bribery, conspiracy to commit bribery, honest services fraud, obstruction of justice and making false statements to federal investigators.
According to a federal grand jury indictment unsealed today, the Navy officers worked together to help Singapore-based defense contractor Leonard Glenn Francis (a.k.a. "Fat Leonard") and his company, Glenn Defense Marine Asia (GDMA), pull off a 'colossal fraud' that cost the Navy ‐ and ultimately U.S. taxpayers ‐ tens of millions of dollars.
The indictment alleges that, among other things, 'Fat Leonard' and his associates repeatedly bribed Navy officials with "meals, entertainment, travel and hotel expenses, gifts, cash, and the services of prostitutes." Per RT: |