Philly Exporter Cops To $250M In Vietnamese Bribes

Law360, New York (March 18, 2010, 2:56 PM EDT) -- A Philadelphia-based export company, its president and two of his relatives have pled guilty to paying more than $250 million to Vietnamese officials in exchange for government contracts to supply a wide range of equipment and technology.

Nam Nguyen and his company, Nexus Technologies Inc., changed their pleas Tuesday in the U.S. District Court for the Eastern District of Pennsylvania, and face 35 years in prison and a fine of up to $27 million, according to prosecutors.

Nguyen and his siblings, An Quoc Nguyen and Kim...
To view the full article, register now.