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$1.3 Million Payment, Prison Sentence for Official Involved in FCPA Violations

Monday, July 02, 2018
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that an Aruban official has been sentenced to 36 months in prison after pleading guilty to money laundering charges in connection with his role in a scheme that violated the Foreign Corrupt Practices Act. The official was also sentenced to pay more than $1.3 million in restitution.

According to a DOJ press release, the official admitted that between 2005 and 2016 he conspired with others to transmit funds from the U.S. to Aruba and Panama with the intent to promote a wire fraud scheme and a corrupt scheme that violated the FCPA. Specifically, the official received more than $1.3 million in bribes from individuals and companies in the U.S. and abroad in exchange for using his position as product manager of Servicio di Telecommunicacion di Aruba N.V., an instrumentality of the Aruban government, to award lucrative mobile phone and accessory contracts.

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