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
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