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FCPA Challenges Make For Spotty Trial Record For DOJ

Law360, Camden (July 21, 2015, 7:58 PM EDT) -- Federal prosecutors appeared to take a haircut last month in a surprise plea deal reached midway through a closely watched Foreign Corrupt Practices Act trial in New Jersey. The deal, which resulted in no prison time, is part of a trial record for individual prosecutions that has so far been spotty, a fact experts attribute in part to skeptical judges and a lack of clarity surrounding the law.

One of the few FCPA prosecutions to reach trial in recent years ended abruptly June 15 when Joseph Sigelman, ex-CEO of the British Virgin Islands-based PetroTiger Ltd., admitted authorizing bribes to a Colombian...

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