Faro Technologies Agrees on Deferred Prosecution Agreement on Corrupt Payments to Chinese Officials

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]