Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.
Entries in Travel Act (25)
The former CEO of Control Components Inc. was sentenced to four months in prison yesterday and ordered to pay a $20,000 fine.
The former director of worldwide sales for Control Components Inc. was sentenced Thursday to 13 months home confinement and fined $20,000 for bribing Chinese officials.
David Edmonds is the seventh former CCI executive to plead guilty to FCPA charges.
Chris Matthews of the Wall Street Journal reported today that Paul Cosgrove will appear in federal court Tuesday and plead guilty to charges stemming from a global bribery scheme at Control Components Inc.
Paul Cosgrove and David Edmonds want a jury instruction about 'customary practices' in some of the countries where their employer, CCI, did business.
How long is the statute of limitations for FCPA offenses?
Markus Funk, a partner at the Perkins Coie law firm, sent us a nifty decision tree for the FCPA and the Travel Act.
Does a defendant need to know a bribe taker is a 'foreign official' to be guilty of an FCPA offense?
The Travel Act challenge mounted by the Carson defendants has failed.