Faro Settles DOJ, SEC Bribe Charges For $2.5M

Law360 (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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.