Posts Tagged: Honduras
Samuel Rubenfeld at the Wall Street Journal reported the sentencing today of Juan Pablo Vasquez, a former executive at Latin Node Inc.
He received three years probation and a $7,500 fine after pleading guilty in January last year to conspiring to violate the FCPA.… Continue Reading
Manuel Caceres, the former vice president for business development of telecommunications firm Latin Node Inc. (LatiNode), was sentenced on Thursday to twenty-three months in prison.
Caceres, 66, pleaded guitly in May last year to one count of conspiracy to violate the FCPA and could have been jailed for up to five years.… Continue Reading
During the calendar quarter just ended, there were three corporate enforcement actions and two individual convictions. A defendant received one of the FCPA’s longest jail sentences, the DOJ released three new FCPA-related indictments, and prosecutors dropped the appeal of a short FCPA prison term.… Continue Reading
A Costa Rican citizen serving jail time there has said in a sworn statement filed in U.S. federal court that no one at the Instituto Costarricense de Electricidad S.A. (ICE) knew about Alcatel’s bribery except those directly involved.… Continue Reading
The DOJ said today that Jorge Granados, the former CEO of Miami-based Latin Node Inc. (LatiNode), pleaded guilty to conspiring to pay bribes to government officials in Honduras.
Four former senior executives of LatiNode have now pleaded guilty in the case.… Continue Reading
In one of the biggest Foreign Corrupt Practices Act settlements of all time, Paris-based Alcatel-Lucent S.A. will pay $137 million for bribing officials in Costa Rica, Honduras, Malaysia, and Taiwan.
The company and three subsidiaries will pay $92 million to resolve criminal charges with the DOJ and $45 million in disgorgement to the SEC.… Continue Reading