Bill Allen, the disgraced Alaska oil services executive, died in Colorado on Wednesday. Allen and Veco, his oil field services company, became key players in an Alaska political corruption scandal that played out in the mid-2000s.
Allen was the central government witness following his guilty plea on bribery charges in 2007. Several state lawmakers were sentenced to time behind bars for accepting money from Allen and Veco.
Allen was convicted of bribery and tax violations and served time in federal prison. He admitted to giving cash and other gifts to Alaska state lawmakers to entice them to support oil and gas legislation that would help his company and its clients. After Allen pleaded guilty to federal corruption charges, Veco was sold to Denver based CH2M Hill for $146 million that was divided among the company’s six owners, including Allen and his three children.
Veco eventually expanded from oil field services to involvement in a commercial gold mine in Interior Alaska, a drilling and mine supply company in Grand Junction, Colorado, and a shipyard in Houston, Texas — which became a cash drain for the company and landed it in bankruptcy court in 1982.
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