Obama Administration gets telecommunications CEO to plead guilty.

[MineralMan]

http://miami.fbi.gov/dojpressrel/pressrel11/mm051911.htm

Former CEO of U.S. Telecommunications Company Pleads Guilty to Foreign Bribery Conspiracy

WASHINGTON—Jorge Granados, the former chief executive officer of Miami-based telecommunications company Latin Node Inc. (LatiNode), pleaded guilty today to conspiring to pay bribes to government officials in Honduras, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division. To date, four former senior executives of LatiNode have pleaded guilty to conspiring to pay bribes to the Honduran officials.

Granados, 54, pleaded guilty before U.S. District Judge Joan A. Lenard in U.S. District Court in Miami to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA).

"Jorge Granados today admitted to authorizing illegal bribe payments to Honduran officials, and now he must pay for his crime," said Assistant Attorney General Lanny A. Breuer of the Criminal Division. "Foreign bribery undermines competition in the marketplace and weakens democratic institutions. CEOs and other corporate executives should know that now, more than ever, violating the Foreign Corrupt Practices Act will lead to criminal prosecution."

more at link....
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Going after corrupt corporate officials! Yes!

[Angry Dragon]

1. And how much jail time will he get??

[MineralMan]

4. I don't know. That hasn't been announced, according to the

press release.

[leftstreet]

2. Is there a Domestic Corrupt Practices Act?

That'd be nice

[RandySF]

3. I predict that Florida Republican will go apeshit

This is exactly the kind of criminal that bankrolls them.

[The Backlash Cometh]

5. Two birds with one stone, then.

[bvar22]

6. How come....

..when it comes to prosecuting War Criminals and War Profiteers, the Obama White House is completely separate from the Justice Dept, and has absolutely no influence over what the DOJ decides to do,
but when the DOJ does prosecute a criminal, Obama gets the credit? :shrug:

[MineralMan]

7. I'm just following the DU protocol of assigning blame or credit

to the President anytime someone in any part of the Executive branch does something. It's a long tradition here on DU. Anything that happens in any Executive agency or department is Obama's doing.

The posts I made are positive things he's done through his departments. I like President Obama and don't think he gets enough credit sometimes.

I'm sure you understand the usage.

[bvar22]

8. You mean like this guy?