SEC Accuses Ex-Telecom Execs Of FCPA Violations

Law360, New York (May 7, 2008, 12:00 AM EDT) -- Three former telecommunications executives who allegedly bribed government officials in Nigeria, Rwanda and Senegal in order to obtain telephone service contracts have settled with the U.S. Securities and Exchange Commission, bringing an end to a suit that alleged they violated the Foreign Corrupt Practices Act.

The SEC said on Tuesday that former ITXC Corp. executives Steven J. Ott, Roger Michael Young, and Yaw Osei Amoako had consented to a final judgment that permanently bars them from future violations of Rule 13b2-1 under the Securities and Exchange...
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