November 22, 2019
Posted November 22, 2019
The former president of Transport Logistics International, Mark Lambert, was found guilty of violating the Foreign Corrupt Practices Act for his role in a bribery scheme designed to secure a contract for TLI from JSC Techsnabexport (TENEX), a subsidiary of Russia’s State Atomic Energy Corporation. According to the evidence at trial, Lambert worked for years to direct payments to TENEX official Vadim Mikerin, using offshore accounts and creating fake invoices. Lambert faces five years in prison. TLI previously agreed to pay a $2 million penalty; Mikerin previously pleaded guilty on related charges. USAO MD
Tagged in: Criminal Proceedings, FCPA, Financial and Investment Fraud,