Macau Real Estate Developer Convicted of Violating FCPA

Financial Crimes Anti-Money Laundering Bribery

On July 27, 2017, a federal jury in the Southern District of New York convicted a Macau real estate developer of bribery, money laundering, and conspiracy, for his role in a widespread plan to bribe United Nations officials in order to establish a new conference facility in Macau. Five other defendants have also been charged; four have pleaded guilty, and one passed away. A sentencing date has not yet been set.

As pointed out on the FCPA Professor, this is a significant win for the DOJ because it marks the first time since 2011 that the DOJ has successfully taken an FCPA case to verdict. Our additional coverage of this matter can be viewed here.