Former Nexus Technologies Inc. Employees and Partner Sentenced for Roles in Foreign Bribery Scheme Involving Vietnamese Officials
September 16, 2010
On September 16, 2010, the Department of Justice announced that three former employees and a partner of Nexus Technologies Inc., a Philadelphia-based export company, were sentenced the previous day for their roles in a conspiracy to bribe officials of the Vietnamese government in exchange for lucrative contracts to supply equipment and technology to Vietnamese government agencies, in violation of the FCPA.
Related Insights
December 10, 2025
Foley Viewpoints
NAIC Fall Meeting Update: Climate and Resiliency (EX) Task Force
The mission of the Climate and Resiliency (EX) Task Force is to serve as the coordinating NAIC body for discussion and engagement on…
December 9, 2025
Foley Viewpoints
NAIC Fall Meeting Update: Reinsurance (E) Task Force Discusses Implementation of Actuarial Guideline LV for Testing Adequacy of Reserves in Life Reinsurance
On December 9, 2025, the Reinsurance (E) Task Force, which reports to the Financial Condition (E) Committee, met to discuss, among other…
December 9, 2025
Foley Viewpoints
NAIC Fall Meeting Update: Third-Party Data and Models (H) Working Group Exposes Risk-Based Regulatory Framework for Third-Party Data and Model Vendors
On December 9, 2025, the Third-Party Data and Models (H) Working Group, which reports to the Innovation Cybersecurity and Technology (H)…