US Collected $509M FCPA Fines In 2011: Report

Law360, New York (March 6, 2012, 9:47 PM EST) -- The government collected $508.6 million in Foreign Corrupt Practices Act fines in 2011 but had difficulty obtaining convictions under the statute, according to a report on anti-corruption efforts Steptoe & Johnson LLP released Tuesday.

The government was able to secure convictions in just one case, a bribery scheme involving Haitian state-owned telecommunications company Haiti Teleco, according to the report. In August a Florida federal jury convicted two Terra Telecommunications Corp. executives of participating in a scheme to pay bribes to Haiti Teleco.

But the government failed...
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