Red Notice Newsletter - November & December 2020
On December 17, 2020, Deck Won Kang, a resident of New Jersey, pleaded guilty in federal court in the District of New Jersey to one count of violating the antibribery provisions of the FCPA. Kang, who controlled two U.S.based companies specializing in naval equipment and technology, was charged with promising and making improper payments to a highranking official in the South Korean Navy to obtain and retain business with the Korean Defense Acquisition Program Administration (DAPA). Kang admitted to receiving nonpublic information designed to assist in retaining DAPA contracts from an official involved in the procurement process in May 2010. In return, Kang admitted to promising to provide payments to the official once the official left public office. Additionally, Kang admitted to sending $100,000 in payments to an Australian bank account between April 2012 and February 2013 to benefit the Korean Naval official once the official retired from DAPA. Kang is subject to a maximum potential penalty of five years in prison and a fine of the greater of $250,000, twice the gross profits to Kang or twice the gross loss suffered by the victim.
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