News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
In Marc Alain Bohn’s FCPA Docket yesterday, there was important news about three individuals facing sentencing in the Control Components Inc. case.
On February 1, prosecutors asked the court to sentence Mario Covino, Richard Morlok, and Flavio Ricotti to probation and no jail time.… Continue Reading
David Edmonds, a former vice president of California-based Control Components Inc., was jailed for four months at his sentencing Monday for violating the FCPA, followed by four months of home confinement.… Continue Reading
In a court filing late last week, the DOJ said Hong Rose Carson, the former sales director for Control Components Inc. in China and Taiwan, should be sentenced to just six months of home confinement and fined $20,000.… Continue Reading
There was just one corporate enforcement action during the second quarter of the year. During the same period last year, there were five, and two in 2010.
But the Morgan Stanley declination made big news during the second quarter.… Continue Reading
David Edmonds, the former vice president of worldwide customer service at California-based Control Components Inc. (CCI), pleaded guilty Friday to violating the Foreign Corrupt Practices Act.
He’s the seventh former CCI executive to plead guilty to FCPA charges.… Continue Reading
The former director of worldwide sales for Control Components Inc., Paul Cosgrove, pleaded guilty on Tuesday to violating the Foreign Corrupt Practices Act.
Cosgrove, 65, of Laguna Niguel, California, entered his plea to a one-count superseding information charging him with making a corrupt payment to a foreign government official in China in violation of the FCPA.… Continue Reading
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.… Continue Reading
In their appeal filed last week, Joel Esquenazi and Carlos Rodriguez argued that state-owned Haiti Telco wasn’t an ‘instrumentality’ so its personnel weren’t ‘foreign officials.’
It’s the first ‘foreign official’ appeal under the FCPA.… Continue Reading
Judge James V. Selna yesterday denied the Carson defendants motion to dismiss ten FCPA-related counts in the indictment against them based on the definition of “foreign official” in the FCPA.
Stuart Carson, his wife Hong “Rose” Carson, Paul Cosgrove, and David Edmonds — all former executives of California-based Control Components Inc.… Continue Reading
Former fugitive Flavio Ricotti pleaded guilty yesterday in federal court in Santa Ana, California to a single count of conspiracy to violate the Foreign Corrupt Practices Act and the Travel Act.… Continue Reading
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
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