Regulations and Government
Former Embraer Exec Jets VP Pleads Guilty to Fraud
The conviction resulted from a 2010 deal involving bribes and kickbacks in the sale of several business jets in Saudi Arabia.

Colin Stevens, a former vice president of sales and marketing with Embraer Executive Jets, has pleaded guilty in connection with a scheme to bribe a high-level Saudi Arabian government official in 2010 in exchange for assistance in selling Embraer aircraft to the country’s national oil company. According to information released by the U.S. Department of Justice (DOJ), 61-year-old Stevens, a UK national living in the UAE, admitted to crimes including violating the Foreign Corrupt Practices Act (FCPA), committing conspiracy to violate the FCPA, conspiracy to commit wire fraud, money laundering, and making a false statement.