Jumet Receives Longest FCPA Sentence to Date

21 April 2010 Publication

On April 19, 2010, Charles Paul Edward Jumet was sentenced to 87 months in prison for paying bribes to former Panamanian government officials to secure maritime contracts in violation of the Foreign Corrupt Practices Act ("FCPA") and for making a false statement to federal agents. In addition to the prison term, Jumet was ordered to pay a $15,000 fine and serve three years of supervised release following the prison term. The prison term is the longest prison term to date imposed against an individual for violating the FCPA.

Assistant Attorney General Breuer called the sentence "an important milestone in our effort to deter foreign bribery" and that the case confirmed that FCPA violations carry serious penalties, including "substantial prison time for individuals who violate the law." According to ICE Special Agent in Charge Torres, the sentence should serve "as a warning to those who engage in corrupt business dealings."

Jumet pleaded guilty on November 13, 2009. For more information on his guilty plea, see our previous post.