FCPA Pilot Program: How Five Cases Were Resolved
Although the U.S. Justice Department's FCPA pilot program has publicly declined prosecution in five cases based on similar criteria, the outcomes were varied. Here at a glance are the results of the five cases resolved under the program so far.
April 14, 2017 at 09:57 AM
2 minute read
Although the U.S. Justice Department's FCPA pilot program has publicly declined prosecution in five cases based on similar criteria, the outcomes were varied. Here at a glance are the results of the five cases resolved under the program so far.
Nortek Inc.
On June 3, Nortek received a declination letter from DOJ and simultaneously signed a non-prosecution agreement (NPA) with the U.S. Securities and Exchange Commission. The SEC required the company to disgorge $291,403 in profits, plus $30,655 in interest.
Akamai Technologies Inc.
On June 6, Akamai received a declination letter from DOJ and reached an NPA with the SEC requiring it to disgorge $652,452 in profits, plus interest of $19,433.
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