The corruption cases databases are a product of the staff of the International Bank for Reconstruction and Development / The World Bank. It is intended for general information purposes only. The findings, interpretations, and conclusions expressed in the Database do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Neither the World Bank Group nor its officers or employees shall be liable for any losses that may result directly or indirectly from the use of or reliance upon such information.
Bribery of foreign officials, Falsification of books and records
Bribery of foreign official
According to DOJ Report to Congress, "Appendix C: Summaries of Foreign Corrupt Practices Act Enforcement Actions by the United States, January 1, 1998 - September 30, 2010," Faro Technologies, at 35-37: Time period of misconduct in China was 2003-2006. Faro Technologies is a Florida-based company that develops and markets portable computerized measurement devices and software. SEC complaint stated that Oscar H. Meza, the company's Vice-President for Asia-Pacific Sales and Director of Asia-Pacific Sales for Faro. According to the Statement of Facts, Faro began direct sales of its products in China through its subsidiary, Faro China, based in Shanghai. On several occasions, Meza authorized other Faro employees to make corrupt payments directly to employees of state-owned or controlled entities in China to secure business for Faro. Meza authorized total of $444,492 in corrupt payments which allowed Faro to secure contracts worth approximately $4.5 - $4.9 million in sales an $1.4 million in net profits. Use of intermediary and shell company to funnel/disguise bribe payments. DOJ: Criminal fine of $1.1 million (Faro); Civil: Disgorgement of $1.85 million (Faro); Civil Penalty of $30K (Meza), and Disgorgement and Prejudgment interest of $26,707 (Meza). Related Criminal Enforcement Actions: In Re Faro Technologies Inc. (June 5, 2008); Civil Administrative / Enforcement Actions: SEC v. Oscar H. Meza (D.D.C., August 28, 2009), In the Matter of Faro Technologies, Inc. (June 5, 2008).
US Department of Justice Report to Congress, "Appendix C: Summaries of Foreign Corrupt Practices Act Enforcement Actions by the United States, January 1, 1998 - September 30, 2010," Faro Technologies, Inc. at 35-36, accessed at http://www.justice.gov/criminal/fraud/fcpa/docs/response3-appx-c.pdf; US Department of Justice Press Release, "Faro Technologies Inc. Agrees to Pay $1.1 Million Penalty and Enter Non-Prosecution Agreement for FCPA Violations," accessed at http://www.justice.gov/opa/pr/2008/June/08-crm-505.html (accessed September 15, 2011).
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