Posts Tagged: Control Components Inc.
During the third quarter, we counted Foreign Corrupt Practices Act enforcement actions involving nine individuals and five corporations. Among the developments: Three FCPA-related trials were completed, all ending badly for the defendants (Bourke, Jefferson and Green).… Continue Reading
It’s not just about corporations anymore. FCPA enforcement is now about individuals too — and in a big way. Here’s this year’s FCPA roll call of real people: Gerald and Patricia Green, whose Foreign Corrupt Practices Act trial opened in LA this week.… Continue Reading
Offering or paying bribes to Chinese officials and local employees puts the hosts at enormous risk. A case in point may be Control Components Inc. (CCI). When it pleaded guilty in late July to violating the Foreign Corrupt Practices Act and the Travel Act, it admitted bribing employees from at least six Chinese state-owned companies: Jiangsu Nuclear Power Corp.,
In the biggest multi-party indictment of individuals yet under the Foreign Corrupt Practices Act, six more former executives of Control Components Inc., an Orange County, Calif.-based valve company, were charged yesterday with a decade-long conspiracy to win contracts by bribing officials at foreign state-owned companies.… Continue Reading
A second executive of a California-based firm has pleaded guilty to a Foreign Corrupt Practices Act violation. Richard Morlok, 55, the former finance director of Control Components Inc., admitted that from 2003 through 2006, he arranged corrupt payments to foreign officials of about $628,000.… Continue Reading
The Justice Department has announced its first Foreign Corrupt Practices Act enforcement action of 2009. Mario Covino, 44, an Italian citizen living in Irvine, California, pleaded guilty in federal court in Santa Ana to a single count of conspiring to violate the FCPA by paying at least $1 million in bribes to foreign officials in several countries.… Continue Reading