Episode 116 — Alstom Executive Convicted of FCPA and Money Laundering Offenses
Lawrence Hoskins, a UK citizen and former Alstom executive, was convicted last Friday on 11 of 12 counts for his role in a bribery scheme involving Indonesian officials. Hoskins conviction took years to secure because of jurisdictional challenges and appeals. Hoskins was originally indicted in 2013.
The jury deliberated for one day – a resounding victory for DOJ prosecutors. Hoskins’ defense team launched an unusual defense, claiming that Hoskins did not act as an “agent of a domestic concern” because he was the principal who made all relevant decisions with regard to the bribery scheme. The jury’s quick verdict reflects its rejection of such a technical defense.
After a two-week trial, Hoskins was convicted of six counts of violating the FCPA, three counts of money laundering and two counts of conspiracy. The judge set a sentencing date in January 2020.
In this Episode, Michael Volkov reviews the Hoskins trial and verdict.