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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-09-12T16:39:00
A former executive for an Ohio-based civil engineering firm was sentenced to 18 months in federal prison for his role in a long-running bid-rigging scheme in North Carolina.
Brent Brewbaker, formerly of Contech Engineered Solutions, was found guilty in February by a jury in U.S. District Court for the Eastern District of North Carolina on six criminal counts including bid rigging, mail fraud, and wire fraud. On Sept. 8, Judge Louise Wood Flanagan sentenced him to report for an 18-month prison term, starting in 90 days.
According to an October 2020 complaint, Contech and Brewbaker conspired with another, unnamed company from 2009-18 to rig aluminum structure bids used in water drainage systems issued by the North Carolina Department of Transportation. Three whistleblowers and cooperating witnesses—one formerly employed by Contech, two formerly employed by the unnamed firm—testified the two companies conspired together to manipulate numerous bids.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-12-24T16:51:00Z By Adrianne Appel
Purported “testimonial and review” service Rytr agreed to stop selling its program that used artificial intelligence to create fake content as part of a consent order with the Federal Trade Commission.
2024-12-24T13:00:00Z By Jeff Dale
Whether you’re a multinational telecommunications company looking to certify your anti-corruption program post-settlement, or a biochemical company victimized by a “rogue” employee, seeing the light at the end of the enforcement tunnel isn’t always easy.
2024-12-23T19:08:00Z By Jeff Dale
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
2024-12-23T12:00:00Z By Aaron Nicodemus
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
2024-12-23T11:00:00Z By Adrianne Appel
JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle’s network and causing customers to lose $870 million, the CFPB alleged.
2024-12-20T17:39:00Z By Aaron Nicodemus
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
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