Faro Settles DOJ, SEC Bribe Charges For $2.5M

Law360, New York (June 10, 2008, 12:00 AM EDT) -- Portable measurement devices and software maker Faro Technologies Inc. has agreed to pay a $1.1 million penalty and disgorge an additional $1.4 million to hold off federal prosecution and a civil enforcement action for allegedly bribing Chinese officials to the tune of almost $500,000.

Faro, the U.S. Department of Justice Criminal Division and the U.S. Securities and Exchange Commission all announced the deals on June 5, with the SEC issuing an administrative order outlining the settlement's terms and the DOJ signing a two-year nonprosecution agreement....
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