BNP Exec Exits FCA Bribery Suit Following $80M Settlement

Law360, New York (August 15, 2014, 2:49 PM EDT) -- A Texas federal court on Friday dismissed a BNP Paribas SA manager accused of taking bribes from Mexican companies in violation of the False Claims Act after BNP settled with the government for $80 million.

Jovenal "Jerry" Miranda Cruz was one of the execs who pled guilty to conspiracy to commit bank fraud, mail fraud and wire fraud as well as conspiracy to commit money laundering in 2012. After the settlement last month, the government agreed to let Cruz leave the proceedings without prejudice, with both sides bearing their own legal costs. This ends Cruz's civil case, while the criminal case...

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