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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