Man Cops To Bribing Panamanians Over Buoy Contracts

Law360, New York (November 18, 2009, 3:32 PM EST) -- A Virginia man has pled guilty to conspiring to bribe Panamanian government officials to secure a no-bid contract to maintain buoys and lighthouses along the Central American nation's waterways.

Charles Paul Edward Jumet, 53, faces maximum penalties of 10 years imprisonment and fines of at least $500,000, for violation of the Foreign Corrupt Practices Act and making false statements, according to a plea deal Judge Dennis Dohnal of the U.S. District Court for the Eastern District of Virgina approved Friday.

As part of his plea, Jumet...
To view the full article, register now.