BAE Systems Pleads Guilty and Will Pay $400 Million Fine

On March 1, 2010, BAE Systems pfc (BAES) pleaded guilty in U.S. District Court in the District of Columbia to conspiring to defraud the U.S. by impairing and impeding its lawful functions, to making false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violating the Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR). BAES was sentenced by U.S. District Court Judge John D. Bates to pay a $400 million criminal fine, one of the largest criminal fines in the history of DOJ’s effort to combat foreign corruption in international business and enforce U.S. export control laws...more...