Big Domestic Penalties For Foreign Corrupt Practices
December 15, 2011, 3:01 PM EST
Law360, New York (December 15, 2011, 3:01 PM EST) -- The longest prison term ever imposed in a Foreign Corrupt Practices Act case — 15 years — was recently given to Joel Esquenazi, former president of Terra Telecommunications Corp., after a jury convicted him under the FCPA for bribes paid to officials at Haiti Teleco, a state-owned telecommunications agency.
The former executive vice president of Terra, Carlos Rodriguez, was convicted by the same jury and sentenced to seven years in prison. Esquenazi and Rodriguez were also ordered to forfeit $3.09 million.