June 21, 2016
Analogic Corporation, Lars Frost
Foreign Corrupt Practices Act
SANCTION AMOUNT: $11,502,962
Defendants: Analogic Corporation
Settlement of allegations that Danish subsidiary engaged in hundreds of sham transactions with distributors that funneled about $20 million to third parties, including individuals in Russia and apparent shell companies in Belize, the British Virgin Islands, Cyprus, and Seychelles. The individual Respondent is the former CFO and he was charged with knowingly circumventing the companys internal accounting controls.
- Key Docs
- Official SEC press release