As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year.
Entries in Maxwell (4)
The SEC's Office of the Whistleblower (yes, it's real) published its first list of enforcement actions that might be eligible for whistleblower rewards. It includes FCPA-related cases.
During the first quarter of 2011, two earlier FCPA-related indictments were disclosed. And there were four corporate actions, four guilty pleas, including two shot-show defendants and the former KBR middleman Jeffrey Tesler, who was hit with the biggest forfeiture order in FCPA history, and two sentencings of individuals to prison.
California-based Maxwell Technologies Inc. agreed to pay $8 million to resolve criminal FCPA charges and $6.3 million in disgorgement and prejudgment interest to the SEC.