More FCPA Guilty Pleas

More FCPA Guilty Pleas

The FCPA and foreign bribery continue to be a key focus of DOJ. On Tuesday, a privately-held U.S. export company along with its founder and one of its employees pleaded guilty to conspiracy, violations of the FCPA and the Travel Act and money laundering in connection with business transactions in Vietnam. U.S. v. Nguyen, Case No. 08 - 522 (E.D. Pa. Filed Sept. 4, 2008).

According to the court papers, Nexus Technologies, Inc. was founded by Nam Nguyen, who served as its president. The company has offices in New Jersey and Pennsylvania as well as Vietnam. Nexus is essentially a middleman for buyers in Vietnam for U.S. based vendors. Its customers in Vietnam are various government agencies, including the Ministries of Transport, Industry and Pubic Safety. Nexus purchased a wide variety of equipment and technology for its customers including underwater mapping equipment, bomb containment equipment, helicopter parts, chemical detectors, satellite communication parts and air tracking systems. Mr. Nguyen was responsible for running the Vietnam side of the business. Defendant Kim Nguyen was employed by the company and in charge of negotiating with U.S. suppliers and handing the finances for Nexus.

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