Calif. Man Pleads Guilty to Bribery of Chinese Official
Paul Cosgrove, the former head of worldwide sales at Rancho Santa Margarita, Calif.-based valve company Control Components Inc. pleaded guilty May 29 to violating the Foreign Corrupt Practices Act (FCPA), said the Justice Department’s Criminal Division and the U.S. Attorney’s…
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Office for the Central District of California. The plea was in U.S. District Court, Santa Ana, Calif., to a one-count superseding information charging him with making a corrupt payment to a foreign government official in China in violation of the FCPA. According to court documents, CCI designed and manufactured service control valves for use in the nuclear, oil and gas, and power generation industries worldwide. Cosgrove, 65, faces up to 15 months in prison. Sentencing is scheduled for Aug. 27, 2012.