US v. Mario Covino

Plea Agreement for Mario Covino for violation of the Foreign Corrupt Practices Act


A former executive of an Orange County, Calif.-based valve company pleaded guilty today in connection with his role in a conspiracy to pay approximately $1 million in bribes to numerous foreign government officials.

Covino pleads to conspiring to make corrupt payments to foreign government officials for the purpose of securing business for the Orange County valve company from state-owned enterprises in several countries, including Brazil, China, India, Korea, Malaysia and the United Arab Emirates (UAE), in violation of the Foreign Corrupt Practices Act (FCPA).

Covino was the director of worldwide factory sales, responsible for overseeing new construction projects and the replacement of existing valves made by other companies and installed at customer plants in more than 30 countries.

In connection with his guilty plea, Covino admitted that he caused employees and agents of the valve company to make corrupt payments totaling approximately $1 million to foreign officials employed at state-owned enterprises in order to assist in obtaining and retaining business for the valve company.

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Reference Info:Verdict | Federal, 9th Circuit, California | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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