Ex-Siemens Exec Admits To $100M Argentine Bribery Ploy

Law360, New York (March 15, 2018, 8:22 PM EDT) -- A former Siemens AG executive on Thursday copped to violating the Foreign Corrupt Practices Act over his role in a massive $100 million bribery scheme in which several employees of the German conglomerate conspired to bribe Argentine officials to secure a $1 billion contract to produce national identity cards.

During an afternoon hearing before U.S. District Judge Denise Cote in Manhattan, Eberhard Reichert, 78, a former technical manager of the major projects division of a Siemens subsidiary, pled guilty to conspiracy and agreed to cooperate with...
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Case Title

USA v. Sharef et al


Case Number

1:11-cr-01056

Court

New York Southern

Nature of Suit

Date Filed

December 12, 2011

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