Is it really worth it?
- See more at: http://www.fcpablog.com/blog/2015/10/12/twenty-guilty-pleas-so-far-in-historys-biggest-federal-contr.html#sthash.PAcYJmlg.dpu
- See more at: http://www.fcpablog.com/blog/2015/10/12/former-iap-veep-jailed-four-months-for-kuwait-bribes.html#sthash.pFfkO6tf.dpuf
By Richard L. Cassin | Monday, October 12, 2015 at 9:28AM
Young N. Cho, aka Alex Cho, 43, of Great Falls, Virginia, was sentenced Thursday to 88 months in prison on federal charges that he paid millions of dollars in bribes to corrupt officials from the U.S. Army Corps of Engineers in return for government contracts.
Cho pleaded guilty in September 2011 in federal court in the District of Columbia to one count of conspiracy to commit bribery and money laundering and to defraud the United States, and one substantive count of bribery.
Judge Emmet Sullivan also ordered Cho to pay about $7.7 million in restitution to the U.S. Army Corps of Engineers and to forfeit $6.9 million.
By Richard L. Cassin | Monday, October 12, 2015 at 7:38AM
A former vice president of defense contractor IAP Worldwide Service was sentenced in federal court in Virginia Friday to 120 days in prison.
James Michael Rama, 69, of Lynchburg, Virginia, pleaded guilty in June to one count of conspiracy to violate the anti-bribery provisions of the FCPA.
Privately held IAP resolved FCPA offenses in June by agreeing to pay a $7.1 million penalty for an alleged conspiracy to bribe Kuwaiti officials to win a contract. The company also entered into a non-prosecution agreement that required it to cooperate with the DOJ.