The Department of Justice reports that the former owner of a financial consulting firm has been sentenced to serve 60 months in prison and forfeit $1.9 million for bribing an official at the European Bank for Reconstruction and Development in violation of the Foreign Corrupt Practices Act. The DOJ states that between 2008 and 2009 this man paid approximately $3.5 million in bribes to the EBRD official in exchange for the referral of EBRD clients to the consulting firm. The man also admitted that he paid the bribes through the offshore bank accounts of the EBRD official’s sister.
Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.