FCPA guilty Plea - Volkov Law

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Gunvor Group Former Employee Pleads Guilty to FCPA Scheme to Pay Bribes to Ecuadoran Government Officials

Raymond Kohut, a 68-year old Canadian citizen, a former employee of Swiss commodities trader, Gunvor Group, Ltd., pleaded guilty to paying $22 million in bribes to Ecuadoran government officials at state-owned oil company, PetroEcuador. Kohut pleaded guilty to one count of money laundering conspiracy before a federal judge

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New Jersey Businessman Pleads Guilty to FCPA Violation

In 2020, the Justice Department brought criminal charges against 22 individuals in FCPA-related investigations. While this was a decline from the two preceding years, COVID-19 had a dramatic impact on criminal FCPA prosecutions. In particular, DOJ faced challenges from unavailable grand juries to present evidence needed to bring