SEC
Whistleblower
Attorneys

August 27, 2018

Legg Mason Inc.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $34502494

Defendants: Legg Mason Inc.

Settled charge that Respondent violated the FCPA in a scheme to bribe Libyan government officials. Specifically, the Commission found that Respondent's former subsidiary had partnered with a French financial services company to solicit investment business from Libyan state-owned financial institutions, and thereby paid bribes to secure investments generating approximately $31.6 million of net revenue.

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