I was reading the article linked here, http://www.cbsnews.com/news/ex-kbr-chie ... a-bribery/ regarding KBR getting sentenced for bribery, and I was particularly struck by the following:
"Tesler, 63, a dual citizen of Britain and Israel, also agreed to forfeit nearly $149 million from accounts in 12 Swiss banks and four from Israel. Prosecutors said the money was traceable proceeds from the bribery." I find that incredible - that one man made restitution of $149 million.
That got me thinking - what is the largest fine ever imposed on a person?
https://www.quora.com/What-is-the-large ... gle-person
Well - spoiler! - they say 4.9 billion dollars
I still reckon actual restitution of $149 million must be up there...
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Fine
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Re: Fine
Hmmm, maybe. The way I read it, the $149 million wasn't a fine - it was just the recovery of 'stolen property' (i.e. the proceeds of the bribe), which he had never rightly owned anyway. His actual punishment was a jail term.
And the situation gets even more complicated with his friend Jack Stanley, who appears to have defrauded his former employer KBR (and others) of $10.8 million, which he has largely repaid. (And also got a prison sentence.) That would have made KBR the victim! Except that KBR's own hands clearly weren't clean - the fact that it had also been required to hand over $1.7 billion (fines and restitution) in respect of kickbacks from a $6 billion Nigerian deal.
Err, at least, that's my understanding of the article, which isn't exactly clear in places. But generally, I guess that's what happens when you go swimming with sharks - sooner or later, they devour each other?
BJ
And the situation gets even more complicated with his friend Jack Stanley, who appears to have defrauded his former employer KBR (and others) of $10.8 million, which he has largely repaid. (And also got a prison sentence.) That would have made KBR the victim! Except that KBR's own hands clearly weren't clean - the fact that it had also been required to hand over $1.7 billion (fines and restitution) in respect of kickbacks from a $6 billion Nigerian deal.
Err, at least, that's my understanding of the article, which isn't exactly clear in places. But generally, I guess that's what happens when you go swimming with sharks - sooner or later, they devour each other?
BJ
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