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Prison Sentence, Penalty for Intermediary Who Facilitated Corrupt Payments

Friday, November 17, 2017
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that a U.S. man has been sentenced to a year and one day in prison for conspiracy to commit money laundering to promote violations of the Foreign Corrupt Practices Act. The man was also ordered to forfeit $26,500. 

According to a DOJ press release, the man acted as an intermediary in connection with corrupt payments to influence the awarding of contracts with the Russian state-owned nuclear energy corporation. This man and a co-conspirator agreed to conceal corrupt payments made from the U.S. to overseas bank accounts, including by using sham consulting agreements. The co-conspirator was previously sentenced to 48 months in prison for his role in the scheme.

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