James Tillen Quoted in Reuters Regarding Charges Against Siemens Executives

"U.S. Charges Siemens Executives with Bribery"
Reuters
12.13.11James Tillen discusses the FCPA charges brought against eight former Siemens AG executives, who the U.S. government alleges paid $100 million in bribes for more than a decade to Argentina officials to help win a $1 billion contract to produce national identity cards. It is not surprising that U.S. authorities targeted individuals, and the case may have taken years to bring because the evidence was overseas, said Tillen. "It's certainly the DOJ and SEC's strategy to prosecute more individuals because it sends a stronger deterrent message than going after corporations," he said. "When you put someone in jail -- especially an executive -- it sends a much stronger message than fining a company."
Related Files
Related Links