Latin Node Inc., Pleads Guilty to Foreign Corrupt Practices Act Violation and Agrees to Pay $2 Million Criminal Fine
At a hearing before U.S. District Judge
According to court documents, Latinode provided wholesale telecommunications services using Internet protocol technology countries throughout the world, including
In addition, from approximately
The resolution of the criminal investigation of Latinode reflects, in large part, the actions of Latinode’s corporate parent, eLandia International Inc. (eLandia), in disclosing potential FCPA violations to the Department after eLandia’s acquisition of Latinode and post-closing discovery of the improper payments. eLandia’s counsel voluntarily disclosed the unlawful conduct to the Department promptly upon discovering it; conducted an internal FCPA investigation; shared the factual results of that investigation with the Department; cooperated fully with the Department in its ongoing investigation; and took appropriate remedial action, including terminating senior Latinode management with involvement in or knowledge of the violations.
The case is being prosecuted by Trial Attorney
SOURCE U.S. Department of Justice