Sunday, December 03, 2006

Aegean Marine Petroleum (ANW) Risk Factors

Proceedings concerning our founder and largest shareholder, Dimitris Melisanidis, could generate negative publicity for us, harm our reputation and adversely affect our business and our stock price.

Our founder and largest shareholder, Dimitris Melisanidis, has played a key role in the development and success of our business. Mr. Melisanidis is a prominent figure in Greece and has been the subject of a variety of proceedings, including two felony and four misdemeanor cases brought in 1999 and 2000 alleging illegal fuel trading, and a felony case brought by the counterparty to a commercial dispute alleging embezzlement, all resulting in acquittal.

Mr. Melisanidis was also subject to a 1988 misdemeanor case alleging complicity in bribery of a civil servant in connection with obtaining a drivers license for a student at a time when Mr. Melisanidis operated a driving school and a 1980 misdemeanor case alleging bribery of two players in an amateur soccer game. These matters resulted in convictions and fines of approximately $928 and $2,330 (in U.S. dollars at the time).

The foregoing criminal matters and other proceedings are discussed in this prospectus under the heading "Business—Proceedings Involving Our Founder, Mr. Melisanidis."

From the from the most recent form F-1 dated November 24 2006, for Aegean Marine Petroleum Network Inc (ANW). Not that we expect angels, but the section "Proceedings Involving Dimitris Melisanidis" would make a good HBO miniseries.


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