S.E.C. v. Elkin, Jr., et al.
S.E.C. v. Elkin, et al, Case 1:10-cv-0061 (RMU), US District Court for the District of Columbia (2010).
- United States
- Apr 28, 2010
- US District Court for the District of Columbia
S.E.C. v. Elkin, et al, Case 1:10-cv-0061 (RMU), US District Court for the District of Columbia (2010).
The U.S. Securities and Exchange Commission (SEC) charged four employees of a company that sold tobacco internationally with bribing foreign officials. The SEC alleged that the employees paid several million in bribes over a period of nine years to officials in Kyrgyzstan and Thailand in order to purchase tobacco for the company’s customers. The four employees entered into a settlement agreement with the SEC. Although the employees did not admit guilt, the settlement agreement prohibits them from any future bribes, acts of corruption, or improper recordkeeping in violation of federal law. In addition, two of the employees were fined $40,000 each.