What was the name of the 1987 oil scandal where company money was used for personal items?

Answer 1

I seem to remember this one, where video in New York showed an American Big Oil executive, schmoozing an fellow visiting Arab Big Oil buddy in a night club--by tossing shiny tin bucketfulls of crisp new $100 bills on the crowded dance floor.

The exec was suspended....until reporters dug in hard and found hard copy evidence the guy spent millions on stuff that never was purchased. The exec was then arrested. I think he scared up enough of the stolen millions (never knew just how much was taken) to get some years cushy "probation"......oh....and they fired the exec, too.

Rumors for months whispered the company got to snooping around "in house" and found SCORES of young suited execs were quietly doing the very same thing!!!

Now, they're quite open with it--gouging us blind every day at the gas pump!