Faro Technologies Agrees on Deferred Prosecution Agreement on Corrupt Payments to Chinese Officials
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| Faro Technologies Agrees on Deferred Prosecution Agreement on Corrupt Payments to Chinese Officials, ( Web Page, 16 Kb ) | |
| Citation: | |
| Volume 24, Issue 8, pg. 333 | |
| Date: | |
| 1 Aug 2008 | |
| Subject Areas: | |
| Corruption | |
| Geographic Identifier: | |
| United States, China | |
Bruce Zagaris
On June 5, 2008, Acting Assistant Attorney General for the Criminal Division Matthew Friedrich announced that Faro Technologies Inc. (Faro), a public company specializing in computerized measurement devices and software, agreed to pay a $1.1 million criminal penalty, to engage an independent corporate monitor, and enter into a non-prosecution agreement with the U.S. Department of Justice (DOJ) with a term of two years...[more]