Real estate broker and nephew of former UN Secretary-General sentenced for trying to bribe a foreign official

Financial Crimes FCPA Bribery

On September 6, U.S. District Judge Edgardo Ramos of the Southern District of New York reportedly sentenced a real estate broker to six months in prison for trying to pay $2.5 million in bribes to a Qatari official in connection with a sale of a high rise building complex in Vietnam. The New York Times reported that Judge Ramos stated that he believed the broker deserved a lenient sentence. Law360 reported that Judge Ramos cited, among other factors, the consequences of a longer sentence on the broker’s immigration status. The sentence was ultimately far below what the government had requested.

As FCPA Scorecard previously reported, the broker pleaded guilty in January 2018 to one count of conspiracy to violate the FCPA and one count of violating the FCPA. He is a nephew of a former UN Secretary-General.

Additionally, on September 6, the SEC announced that the broker had agreed to pay $225,000 in disgorgement to settle civil FCPA violations arising from his conduct. The SEC’s order concluded that he violated the anti-bribery and books and records provisions of the FCPA.

See previous FCPA Scorecard coverage here.