United States v. Joshua C. Cantor (S.D.N.Y. 2001)

• Case Name
• United States v. Joshua C. Cantor (S.D.N.Y. 2001)

• Date Filed
• 07/17/2001

• Enforcement Agency
• DOJ

• Countries
• Saudi Arabia

• Foreign Official
• Saudi Arabian Government Officials.

• Date of Conduct
• 1998 to 1999

• Nature of Business
• Sale of approximately 20 work-over oil rigs to RVO Zarubezhneftestroy (“Nestro”), a Russian government-owned purchasing agency, by The Cooper Division of Allied Products Corporation (“Allied”).  Allied is a Delaware corporation based in Chicago, Illinois, and a U.S. issuer.

• Influence to be Obtained
• Rothrock was charged with one count of causing the issuer, Allied, to keep false books and records\to conceal a payment to the Director General of Nestro to secure the oil rig sale contract.

• Enforcement
• Daniel Ray Rothrock, vice president of Allied’s Cooper Division with responsibility for international sales, was charged with one count of causing the issuer, Allied, to keep false books and records and so violating the FCPA.  Rothrock pled guilty and was sentenced to one year’s unsupervised probation and a $100 special assessment.

• Amount of the Value
• $239,000.

• Amount of Business Related to Payment
• Approximately $597,500 (bribe was 40% of the contract’s value).

• Intermediary
• Foreign Agent of American Bank Note.

• Compliance Monitor
• No

• Reporting Requirements
• No

• Case is Pending?
• No

• Related Enforcement Actions
• In the Matter of American Bank Note Holographics, Inc. (2001)
  SEC v. American Bank Note Holographics, Inc. (S.D.N.Y. 2001)
  SEC v. Joshua C. Cantor (S.D.N.Y 2003)
  

Joshua C. Cantor 

• Date Filed
• 07/21/2001

• Filed Under Seal
• No

• FCPA Statutory Provision
• • Conspiracy: Books-and-Records

• Other Statutory Provision
• Conspiracy (Securities Fraud); False Statements to Auditors.

• Disposition
• Plea Agreement

• Defendant Jurisdictional Basis
• Agent of Issuer, Agent of Domestic Concern

• Defendant's Citizenship
• United States

• Individual Sanction
• Time Served.