June 21, 2016

Analogic Corporation, Lars Frost

Foreign Corrupt Practices Act

SANCTION AMOUNT: $11,502,962

Defendants: Analogic Corporation
Lars Frost

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 company’s internal accounting controls.

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