Otis Elevator Bribery

Podcasts

Episode 60 -- A Deep Dive into the SEC's FCPA Settlement with United Technologies

United Technologies recently settled an FCPA enforcement action with the SEC by paying $13.9 million for bribes paid by its elevator and aircraft businesses. UT disclosed the investigation to DOJ and the SEC in late 2013 or early 2014. DOJ declined to prosecute in March 2018. UT agreed to

General

United Technologies Pays $13.9 Million to Settle FCPA Charges (Part I of II)

The SEC’s FCPA Unit had a good week last week – they announced a second FCPA settlement along with the Sanofi case. The latest to fall was United Technologies that agreed to pay $13.9 million for bribes paid by its elevator and aircraft engine businesses. The SEC FCPA settlement