Defendant Name:
NATCO Group Inc.
Defendant Type:
Public Company
SIC Code:
3443
CUSIP:
63227W20
Document Reference:
complaint_10-cv-00098
Document Details
Legal Case Name
SEC v. NATCO Group Inc.
Document Name
Complaint
Document Date
11-Jan-2010
Document Format
Civil Proceeding
Case Number
10-cv-00098
Federal District Court
Texas, Southern District of Texas
Allegation Type
Foreign Corrupt Practices Act
Document Summary
In the Complaint, the SEC stated: "In this Foreign Corrupt Practices Act case, TEST Automation & Controls, Inc. ('TEST'), a wholly owned subsidiary of oil field services provider NATCO Group Inc., created and accepted false documents while paying extorted immigration fines and obtaining immigration visas in the Republic of Kazakhstan. NATCO's system of internal accounting controls failed to ensure that TEST recorded the true purpose of the payments, and NATCO's consolidated books and records did not accurately reflect these payments."