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« Corporate Enforcement Since 2006 | Main | Top Stories Of 2011 »
Monday
Jan022012

2011 Enforcement Index

Fifteen companies settled FCPA enforcement actions in 2011 by paying a total of $508.6 million.

(In 2010, 23 companies paid $1.8 billion. In 2009, 11 companies paid $644 million. In 2008, 11 companies paid $890.)

Three cases this year made it into the top ten -- JGC, Magyar Telekom, and Johnson & Johnson. J&J also left the list before the year ended.

While 2011 was slower on the corporate side, it was busy for individuals in all categories -- indictments, trials, sentences, dismissals, mistrials, and appeals.

The 2011 FCPA enforcement index looks like this:

Organizations (countries involved) U.S. enforcement agencies / financial penalties including fines, disgorgement, and interest:

Aon Corporation (Costa Rica, Egypt, Vietnam, Indonesia, the United Arab Emirates, Myanmar, and Bangladesh) DOJ, SEC / $16.2 million

Armor Holdings Inc. (United Nations contracts) DOJ, SEC / $16 million

Ball Corporation (Argentina) SEC / $300,000

Bridgestone Corporation (Mexico) DOJ / $28 million for antitrust and FCPA violations; FCPA component was $22 million

Comverse Technology Inc. (Greece) DOJ, SEC / $2.8 million

Diageo plc (India, Thailand, South Korea) SEC / $16.4 million

IBM (South Korea and China) SEC / $10 million

JGC Corporation (Nigeria) DOJ / $218.8 million

Johnson & Johnson (Greece, Poland, Romania, United Nations Oil for Food Program) DOJ, SEC / $70 million

Lindsey Manufacturing (Mexico) DOJ, indictment dismissed by judge after jury trial and conviction, because of prosecutorial misconduct

Magyar Telecom and majority owner Deutsche Telekom (Macedonia, Montenegro) DOJ, SEC / $95 million

Maxwell Technologies Inc. (China) DOJ, SEC / $14.3 million

Rockwell Automation Inc. (China) SEC / $2.8 million

Tenaris (Uzbekistan) SEC / $9 million

Tyson Foods Inc. (Mexico) DOJ, SEC / $5.2 million

Watts Water Technologies, Inc. (China) SEC / $3.7 million

Individuals indicted, tried, or sentenced (includes cases of money-laundering only in FCPA-related actions):

Angela Aguilar (Lindsey Manufacturing) DOJ, money-laundering conviction vacated after dismissal of indictments against Lindsey and Lee defendants.

Daniel Alvirez (Africa sting) DOJ, pleaded guilty to two counts of conspiracy to violate the FCPA, sentencing pending

Andras Balogh (Magyar Telekom) SEC, charged in civil complaint

Andrew Bigelow (Africa sting) DOJ, criminal trial ended in mistrial

Ulrich Bock (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Frederic Bourke (Azerbaijan privatization) DOJ, lost appeal and motion for new trial, will now serve year-and-a-day prison sentence and pay $1 million criminal fine

Manuel Caceres (Latin Node Inc.) pleaded guilty to conspiracy to violate the FCPA, sentencing pending

Leesen Chang (Watts Water Technologies, Inc.) SEC, administrative order, $25,000 penalty

Washington Vasconez Cruz (Cinergy Telecommunications Inc.) DOJ, charged with one count of conspiracy to violate the FCPA and to commit wire fraud, six counts of FCPA violations, one count of conspiracy to commit money laundering, and 19 counts of money laundering

Miguel Czysch (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Joel Esquenazi (Terra Telecommunications Corp.) DOJ, convicted in criminal trial, sentenced to 15 years in prison

Haim Geri (Africa sting) DOJ, pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act, sentencing pending

Stephen G. Giordanella (Africa sting) DOJ, acquitted after judge dismissed conspiracy count, the only charge the defendant faced

Jorge Granados (Latin Node Inc.) DOJ, sentenced to 46 months in prison

Paul W. Jennings (Innospec Inc.) SEC, $300,000

Steve K. Lee (Lindsey Manufacturing) DOJ, indictment dismissed by judge after jury trial AND conviction, because of prosecutorial misconduct

Keith Lindsey (Lindsey Manufacturing) DOJ, indictment dismissed by judge after jury trial AND conviction, because of prosecutorial misconduct

Tamas Morvai (Magyar Telekom) SEC, charged in civil complaint

Ousama Naaman (Innospec) DOJ / SEC sentenced to thirty months in federal prison and fined $250,000 after guilty plea

Pankesh Patel (Africa sting) DOJ, criminal trial ended in mistrial

Antonio Perez (Terra Telecommunications Corp.) DOJ, sentenced to two years in prison and ordered to forfeit $36,375

Bernd Regendantz (Siemens) SEC, settled civil charges by paying a civil penalty of $40,000

Eberhard Reichert (Siemens) DOJ, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Flavio Ricotti (Control Components Inc.) pleaded guilty to a single count of conspiracy to violate the Foreign Corrupt Practices Act and the Travel Act, sentencing pending

Amadeus Richers (Cinergy Telecommunications Inc.) DOJ, charged with one count of conspiracy to violate the FCPA and to commit wire fraud, six counts of FCPA violations, one count of conspiracy to commit money laundering, and 19 counts of money laundering

Carlos Rodriguez (Terra Telecommunications Corp.) DOJ, convicted in criminal trial, sentenced to 7 years in prison

Manuel Salvoch ( Latin Node Inc.) DOJ, pleaded guilty  to one count of conspiracy to violate the FCPA, sentencing pending

Carlos Sergi (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Uriel Sharef (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Stephan Signer (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Leo Winston Smith (Pacific Consolidated Industries) DOJ, sentenced in December 2010, sentence disclosed January 2011, six months in prison followed by six months of home confinement

Jonathan Spiller (Africa sting) DOJ, pleaded guilty to one count of conspiracy to violate the FCPA, sentencing pending

Herbert Steffen (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Elek Straub (Magyar Telekom) SEC, charged in civil complaint

Jeffrey Tesler (KBR and TSKJ consortium agent) DOJ, pleaded guilty to one count of conspiracy and one count of violating the FCPA, Tesler agreed to forfeit $149 million, final sentencing pending

Lee Allen Tolleson (Africa sting) DOJ, criminal trial ended in mistrial

Andres Truppel (Siemens) DOJ, SEC, criminal and civil charges including conspiracy and substantive FCPA offenses, money-laundering, and wire fraud

Juan Pablo Vasquez (Latin Node Inc.) DOJ, pleaded guilty to conspiracy to the violate the FCPA

John Benson Weir (Africa sting) DOJ, criminal trial ended in mistrial

_______________________

Prior indexes are here:

2010 FCPA Enforcement Index

2009 FCPA Enforcement Index

2008 FCPA Enforcement Index

Our top stories of 2011 are here.

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