Bill Allen (businessman)

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William James Allen (April 6, 1937 – June 29, 2022) was an American businessman who was the CEO of the Alaska oilfield services company VECO Corporation. VECO was an Alaska-based oil pipeline service and construction company founded by Wayne Veltri (VECO is short for Veltri Co). Bill Allen was born in Socorro, New Mexico, and at the age of 16 left for the oil fields of Alaska to become a welder to help support his family. VECO began as a one-truck welding and repair operation that grew to become a major player in the Alaskan and worldwide oil industries' support services business. He built a for-profit prison in Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including Sudan, Russia, Mexico, Venezuela, and Syria.^[1] VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. Allen was later prosecuted for sexually assaulting minors,^[2] a crime he had been protected from prior after lying under oath during Ted Stevens's corruption trial,^[3] costing the Senator re-election in 2008.^[4]