United States v. Titan Corp. (S.D. Cal. 2005)
Case Details
- Case Name
- United States v. Titan Corp. (S.D. Cal. 2005)
- Foreign Official
- President of Benin
- Date of Conduct
-
1999 to 2001
- Nature of Business
- Provision of wireless telecommunications projects in Benin by subsidiaries of Titan Corporation (“Titan”), a U.S. company, which is a leading military and intelligence contractor with $2 billion in annual sales derived primarily from contracts with U.S. military, intelligence and homeland security agencies. Titan’s subsidiaries include Titan Wireless, Inc., Titan Africa, Inc., and Titan Africa, S.A.
- Influence to be Obtained
- At the direction of at least one former senior Titan official based in the United States, Titan made payments to the re-election campaign of Benin’s incumbent president to assist his re-election and thereby enable the company to develop a telecommunications project in Benin. The SEC alleged that Titan’s internal controls were virtually nonexistent, and that Titan had falsified documents filed with the United States government and underreported commission payments in its business dealings in France, Japan, Nepal, Bangladesh, and Sri Lanka.
- Enforcement
- Titan pleaded guilty on March 1, 2005 to three felony counts of violating the FCPA and agreed to pay a criminal fine of $13 million, along with a civil penalty and disgorgement to the SEC in the amount of approximately $15.5 million.
- Amount of the Value
- $50,000.
- Amount of Business Related to Payment
- Approximately $98 million.
- Intermediary
- Business Advisor to the President of Benin.
- Total Sanction
- $ 13,000,000
- Reporting Requirements
- No
Defendants
Titan Corp.
- Citation
- United States v. Titan Corp., No. 05-cr-314 (S.D. Cal. 2005).
- Other Statutory Provision
- Aiding and Abetting (Tax Fraud).
- Disposition
- Plea Agreement
- Defendant Jurisdictional Basis
- Issuer
- Defendant's Citizenship
- United States
