4 Takeaways From 2nd Highest FCPA Penalty

Law360, New York (May 14, 2013, 12:50 PM EDT) -- On April 15, 2013, the U.S. District Court for the Southern District of New York entered a final judgment against Uriel Sharef, former officer and board member of Siemens AG as part of the U.S. Securities and Exchange Commission’s settlement of civil Foreign Corrupt Practices Act charges against Sharef. The charges were based on Sharef’s alleged role in a purported $100 million bribery scheme for Siemens to obtain a $1 billion contract from Argentina to produce national identity cards (the “DNI contract”), to have the DNI...
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