Entries in Herbert Steffen (8)
A U.S. judge entered default judgments Tuesday against two former executives of Siemens in Argentina in a civil FCPA enforcement action brought by the SEC.
Seventeen people -- eight current and nine former managers of Siemens AG -- were accused Friday of bribing officials to help win a contract to produce national identity cards while Carlos Menem was president of Argentina in the late 1990s.
It was a quiet start to the year, with just one stealth enforcement action by the SEC that didn't mentioned the FCPA by name, and none by the DOJ.
A federal district court judge in New York City today threw out the SEC's civil FCPA enforcement action against a former Siemens executive accused of helping pay $100 million in bribes to officials in Argentina.
A German citizen who once ran Siemens' subsidiary in Argentina said in a court filing last week that the U.S. Securities and Exchange Commission has no jurisdiction over him and its civil complaint should be dismissed.
A former Siemens executive charged by the SEC with violating the Foreign Corrupt Practices Act has reached agreement in principle to settle his case.
In December last year, the DOJ and SEC charged eight former executives and agents from Siemens with bribing government officials in Argentina. Where are they now?