Was there sufficient evidence that King had violated the FCPA? Owl Securities and Investments, Ltd., hoped to
Question:
Owl Securities and Investments, Ltd., hoped to develop a large port in Limon, Costa Rica. The project included docks, housing, recreational facilities, an airport, and more. Richard King was one of Owl’s largest investors, and Stephen Kingsley its CEO. The government charged King with attempting to bribe Costa Rican officials to obtain land and other concessions needed for their project. At trial, several of Owl’s officers, including Kingsley, Richard Halford, and Albert Reitz, testified against King. A jury convicted King of violating the FCPA. He received a 30-month sentence and a fine of $60,000. He appealed.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Law and the Legal Environment
ISBN: 978-1111530600
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson
Question Posted: