In today's White Collar Crime Prof Blog, former federal prosecutor Solomon Wisenberg has a post called DOJ's Fraud Protection Racket.
Entries in Tyson Foods (7)
As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year.
Another group of defendants went on trial this week in federal court in the Africa sting case.
In February, Tyson Foods settled FCPA offenses with the DOJ and the SEC for $5.2 million. The offenses related to illegal payments by company representatives to government-employed inspection veterinarians in Mexico, and a cover-up of the payments.
During the first quarter of 2011, two earlier FCPA-related indictments were disclosed. And there were four corporate actions, four guilty pleas, including two shot-show defendants and the former KBR middleman Jeffrey Tesler, who was hit with the biggest forfeiture order in FCPA history, and two sentencings of individuals to prison.
The enforcement action against Tyson Foods announced yesterday by the DOJ and SEC contains some important lessons.
Tyson Foods Inc. will pay a $4 million criminal penalty and $1.2 million in disgorgement and pre-judgment interest to resolve an investigation into improper payments by company representatives to government-employed inspection veterinarians in Mexico.