Tagged: Republic of the Marshall Islands

Justice Department Announces FCPA Charges Against Two Individuals for Bribery of Marshall Islands Officials

The Justice Department announced the indictment in New York of Cary Yan, a Chinese entrepreneur, and Gina Zhou, his assistant, on FCPA and money laundering charges relating to a scheme to secure control of an atoll owned by the Republic of the Marshall Islands (RMI).  Yan and Zhou paid bribes to elected officials in the RMI in exchange for passing specific legislation.  Yan and Zhou...