Ex-CCI Sales Chief Gets Home Confinement For Foreign Bribe

Law360, Los Angeles (September 13, 2012, 3:50 PM EDT) -- The former head of sales for California-based valve manufacturer Control Components Inc. on Thursday was sentenced to 13 months of home confinement and ordered to pay a $20,000 fine for making an illegal payment to a Chinese business as part of a multimillion-dollar foreign bribery scheme.

Paul Cosgrove plead guilty in May to violating the Foreign Corrupt Practices Act for facilitating a $7,500 payment in 2003 to secure continued business with Sichuan Chemical Works Group Ltd. The U.S. Department of Justice claims top CCI executives doled...
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