U.S. Targets Overseas Bribery; KBR Exec’s Plea Widens Probe

Editor's note: This story was originally published Monday on MSN Money.

HOUSTON -- In the world of Big Oil, Albert "Jack" Stanley was legendary for winning billion-dollar contracts in third world countries, the Halliburton executive who knew all the secrets of deals in places like Malaysia, Egypt and Yemen.

In the wake of his admission in a guilty plea (PDF) last week that he resorted to bribes, kickbacks and high-level corruption to secure deals in Nigeria, however, Stanley now lies at the center of a widening scandal in the oil industry that has implications for corporations and governments across the globe.

Stanley's case is the first in what federal officials believe will be a string of indictments in coming months against U.S. corporate executives who have participated in bribing foreign officials in recent years.

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