The former chief financial officer of Siemens S.A. – Argentina pleaded guilty Wednesday in federal court in New York City to conspiring to pay tens of millions of dollars in bribes to Argentina government officials in connection with a $1 billion contract to create national identity cards.
Entries in Uriel Sharef (9)
The U.S. Treasury Department has notified a former compliance chief at MoneyGram International Inc. that he may face a fine of up to $5 million over the money-transfer company's previously admitted failures to monitor transactions properly for illicit activity.
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.
The U.S. Securities and Exchange Commission (SEC) published its fiscal year 2013 Agency Financial Report (AFR) to detail its financial and performance results for the President, Congress and public at large. Its purpose is portray its accomplishments and strategic goals for the next year, as well as its financial picture for budget planning. The report discusses its enforcement actions related to the FCPA in the past year, and the guidelines it provided businesses in complying with the law.
It was blockbuster quarter for FCPA enforcement, and April was one of the busiest months on record.
Uriel Sharef, a former officer and board member of Siemens AG, settled civil FCPA charges with the SEC Tuesday.
Last week, in the case Gabelli v. SEC, the U.S. Supreme Court unanimously held that the Securities and Exchange Commission, when seeking a penalty or fine in connection with a civil enforcement action, must file the action within five years of the completion of the alleged fraud or wrongful conduct.
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?