Ex-CCI Sales Chief Pleads Guilty In Foreign Bribery Case

Law360, Los Angeles (May 29, 2012, 8:53 PM EDT) -- The former head of sales for valve manufacturer Control Components Inc. on Tuesday pled guilty in California federal court to charges stemming from his part in an alleged multimillion-dollar foreign bribery scheme, a move that could significantly reduce his possible prison sentence.

With the guilty plea, Paul Cosgrove, 65, could be sentenced to up to 15 months in federal prison and fined as much as $20,000 for violating the Foreign Corrupt Practices Act for making an illegal payment to a Chinese government official, according to a...
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