In this Issue: - DOJ’s Recent Trend of Prosecuting Individuals for FCPA Violations Continues with Longer Prison Sentences and Increased Fines
Excerpt:
The longest prison term ever imposed in a Foreign Corrupt Practices Act (“FCPA”) case -- fifteen years -- was recently given to Joel Esquenazi, former president of Terra Telecommunications Corporation, after a jury convicted him under the FCPA for bribes paid to officials at Haiti Teleco, a state-owned telecommunications agency. The former executive vice president of Terra, Carlos Rodriguez, was convicted by the same jury and sentenced to seven years in prison. Esquenazi and Rodriguez were also ordered to forfeit $3.09 million... (continues)
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Business Crimes Perspectives is a regular publication exploring trends and emerging issues in the areas of business crimes, fraud and government investigations. Lawyers in Foley Hoag’s Business Crimes practice represent corporations, officers, directors, and other individuals in criminal, administrative, regulatory and civil proceedings. If you find this update useful, please encourage your colleagues and contacts to visit us at foleyhoag.com.