Defendant Name:
Diebold, Inc.
Defendant Type:
Public Company
Document Reference:
court_doc2_13-cv-01609
Document Details
Legal Case Name
SEC v. Diebold, Inc.
Document Name
Final Judgment as to Defendant Diebold, Inc.
Document Date
05-Nov-2013
Document Format
Civil Proceeding
Case Number
13-cv-01609
Federal District Court
District of Columbia, District of Columbia
Federal District Judge
Amy Berman Jackson
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On November 5, 2013, Federal District Judge Amy Berman Jackson entered final judgment against Diebold, Inc. pursuant to the consent of Diebold, Inc.
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Various undertakings
Monetary Penalties:
Disgorgement
Individual:
$19,719,550.00
Shared:
Pre-Judgment Interest
Individual:
$3,253,392.00
Shared:
Total Penalty
Individual:
$22,972,942.00
Shared:
Related Documents:
Complaint
On October 22, 2013, the SEC filed a complaint against Diebold, Inc. alleging: "violations of the anti-bribery, books and records, and internal control provisions of the Foreign Corrupt Practices Act ('FCPA') by Diebold, Inc." According to the SEC, the violations took place "from at least 2005 through 2010."
SEC charges Diebold with FCPA Violations in China, Indonesia, and Russia
On October 22, 2013, the SEC announced that it "charged Diebold, Inc. ('Diebold'), an Ohio corporation that is a global provider of ATMs and bank security systems, with violations of the Foreign Corrupt Practices Act ('FCPA') for lavishing international leisure trips, entertainment, and other improper gifts on foreign officials to obtain and retain lucrative business with government owned banks in China and Indonesia, and for paying other bribes in connection with the sale of ATMs to private banks in Russia." According to the SEC: "Diebold has agreed to consent to a final judgment that permanently enjoins the company from future violations of these provisions, orders Diebold to pay $22,972,942 in disgorgement and prejudgment interest, and requires the appointment of an independent compliance monitor. In a parallel criminal proceeding, Diebold has agreed to pay a $25.2 million criminal fine as part of a deferred prosecution agreement with the U.S. Department of Justice."
2013-225
22-Oct-2013
Press Release--Civil Action
SEC Charges Diebold With FCPA Violations
On October 22, 2013, the SEC charged Ohio Diebold with violating the Foreign Corrupt Practices Act by bribing officials at government-owned banks with "pleasure trips" in order to illicitly win business in China, Indonesia, and Russia. Diebold has agreed to settle the charges for a total of $48 million and to resolve a parallel criminal matter announced by the Department of Justice on the same day.