A company formerly based in Florida has agreed to pay a criminal fine of $16.6 million to resolve charges stemming from a scheme to pay bribes to foreign officials in three South American countries.
According to a Department of Justice press release, the company admitted that between 2010 and 2018 it violated the anti-bribery provisions of the Foreign Corrupt Practices Act by paying millions of dollars in bribes to foreign officials in Brazil, Venezuela, and Ecuador to obtain contracts to purchase or sell products to the countries’ state-owned and state-controlled oil companies. To execute the scheme and conceal the bribe payments the company entered into fake consulting agreements with bribe intermediaries and wired commission payments to U.S. and offshore bank accounts they controlled.
Clients and potential clients requiring support related to the FCPA should contact Kristine Pirnia.
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.