Nigerian Billionaire: Gilbert Ramez Chagoury Indicted For US Campaign Finance Violations

The United States Justice Department on Tuesday, charged Nigerian billionaire, Gilbert Ramez Chagoury with one count of scheming to falsify and conceal material facts and two counts of making false and misleading statements to federal investigators during an investigation into illegal contributions he made to the re-election campaign of Nebraska Republican Congressman, Rep. Jeff Fortenberry. Under 18 USC Section 1001, the penalty for making false statements is a maximum sentence of up to five years in prison. Both Fortenberry and Chagoury face up to 15 years imprisonment if convicted.