Business Crimes Perspectives

Business Crimes Perspectives - November 2011

November 30, 2011

In this Issue:

  • DOJ’s Recent Trend of Prosecuting Individuals for FCPA Violations Continues with Longer Prison Sentences and Increased Fines

Excerpt:

The longest prison term ever imposed in a Foreign Corrupt Practices Act (“FCPA”) case -- fifteen years -- was recently given to Joel Esquenazi, former president of Terra Telecommunications Corporation, after a jury convicted him under the FCPA for bribes paid to officials at Haiti Teleco, a state-owned telecommunications agency. The former executive vice president of Terra, Carlos Rodriguez, was convicted by the same jury and sentenced to seven years in prison. Esquenazi and Rodriguez were also ordered to forfeit $3.09 million...

Download Foley Hoag's Business Crimes Perspectives - November 2011 Issue (.pdf)