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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: Control Components Inc.

You’re Grounded

An Italian citizen extradited from Germany in July last year to face FCPA charges was released from jail two weeks after his arraignment in California. But he can’t leave home.

Flavio Ricotti was granted pre-trial bail of $500,000 and placed under “home incarceration.”… Continue Reading

The Cost Of Recalcitrance

Last month, Alcatel-Lucent and three subsidiaries settled FCPA-related charges. They paid $92 million to resolve criminal charges with the DOJ and $45 million in disgorgement to the SEC. Let’s look at the criminal fine.… Continue Reading

Forfeiture Means Financial Ruin

Even if FCPA defendants win acquittals on nine out of ten counts, but lose just one, the single conviction can support a forfeiture order. While their lawyer is celebrating victory, the defendants can be stripped of everything they own — cash, houses, cars, pension assets, art, jewelry, timeshares, boats, you name it.… Continue Reading

Double-Barreled Prosecutions

After a corporation makes a deal to settle an FCPA case, it’s on the government’s side. For employees accused of violating the FCPA, that can mean facing the overwhelming firepower of both the government and the corporation.… Continue Reading

Rose Carson’s Big Flush

On August 17, 2007, the government alleges, Hong “Rose” Carson learned that her employer, California-based Control Components Inc., had hired lawyers to conduct an internal investigation into corrupt payments overseas. Just prior to her interview, prosecutors say, she tore up documents relevant to the internal investigation and flushed them down a toilet in CCI’s ladies room.… Continue Reading

When Money Talks, Do Individuals Walk?

Corporations can’t be jailed for violating the FCPA. Their main punishment is financial — criminal fines and, for issuers, civil penalties and disgorgement of profits.

Under the federal sentencing guidelines, corporate punishment depends in part on how much money was involved in the crime.… Continue Reading

Former CCI Exec Extradited

The DOJ said today that Flavio Ricotti, an Italian citizen indicted in April 2009 with five other former executives of California-based valve-maker Control Components Inc. (CCI), has been extradited to the United States from Germany.… Continue Reading

Where To Look

Be sure to check out Shearman & Sterling’s searchable data base here. It’s utterly amazing and free to use. Searches return cases, pleadings, dollar amounts, countries involved, dispositions, and related actions.… Continue Reading