Paul Margis Archives - Corruption, Crime & Compliance

19 Jan, 2019

Episode 73 — Review of FCPA Settlements for Polycom, Eletrobras, and Two Former Panasonic Avionics Officers

The SEC and the Justice Department closed their respective 2018 books with resolution of three separate enforcement actions: Polycom, Eletrobras and Two Former Officers of Panasonic Avionics. In this episode, Michael Volkov reviews and discusses important lessons learned from these three separate FCPA enforcement actions.

General

10 Jan, 2019

SEC Settles FCPA Charges Against Ex-Panasonic Avionics Officers

On December 19, 2018, the SEC announced settlements with two former senior executives of Panasonic Avionics Corporation. In April 2018, Panasonic Avionics settled FCPA charges with the Justice Department and the SEC and agreed to pay $280 million. (Here) Paul Margis (Here), the former CEO, and Takeshi Uonaga (Here), the former CFO, agreed to pay $75,000, and $50,000 respectively, to settle books and records and...