A federal jury has found Lindsey Manufacturing and two of its senior executives guilty of violating the Foreign Corrupt Practices Act by paying bribes, including a $300,000 Ferrari, to officials from a state-owned utility in Mexico. Lindsey is the first company to be tried and convicted on FCPA violations, according to the Justice Department.
May 13, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal jury has found a California company and two of its senior executives guilty of violating the Foreign Corrupt Practices Act by paying bribes, including a $300,000 red Ferrari, to two officials from a state-owned electric utility company in Mexico.
Lindsey Manufacturing Co., Chief Executive Officer Keith Lindsey and Chief Financial Officer Steve Lee each was convicted on Tuesday on all counts — one of conspiracy to violate the FCPA and five of FCPA violations.
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