The Securities and Exchange Commission reports that an engineer has agreed to pay $100,000 in disgorgement, $12,950 in prejudgment interest and a $66,000 penalty to settle charges that he violated the Foreign Corrupt Practices Act over at least a seven-year period by scheming to bribe Russian government officials to approve the distribution of a drug sold by his then-employer. The SEC states that the engineer knowingly provided false documentation to his company and circumvented what internal controls it had to conceal his scheme.

In addition, the company has agreed to pay a $375,000 penalty to settle charges that it lacked internal accounting controls and basic FCPA due diligence to prevent the engineer from conducting this scheme. The SEC states that in determining this settlement amount it considered that the company self-reported once it discovered evidence of the engineer’s misconduct, cooperated extensively with the agency’s investigation and took immediate steps to remedy the problems.

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