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

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Friday, August 1, 2008

Author:

Bruce Zagaris

Volume:

24

Issue:

8

333

Abstract:

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]