Episode 116 -- Alstom Executive Convicted of FCPA and Money Laundering Offenses

Michael Volkov
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Lawrence Hoskins, a UK citizen and former Alstom executive, was convicted last Friday on 11 of 12 counts for his role in a bribery scheme involving Indonesian officials. Hoskins conviction took years to secure because of jurisdictional challenges and appeals. Hoskins was originally indicted in 2013.

The jury deliberated for one day – a resounding victory for DOJ prosecutors. Hoskins’ defense team launched an unusual defense, claiming that Hoskins did not act as an “agent of a domestic concern” because See more +

Lawrence Hoskins, a UK citizen and former Alstom executive, was convicted last Friday on 11 of 12 counts for his role in a bribery scheme involving Indonesian officials. Hoskins conviction took years to secure because of jurisdictional challenges and appeals. Hoskins was originally indicted in 2013.

The jury deliberated for one day – a resounding victory for DOJ prosecutors. Hoskins’ defense team launched an unusual defense, claiming that Hoskins did not act as an “agent of a domestic concern” because he was the principal who made all relevant decisions with regard to the bribery scheme. The jury’s quick verdict reflects its rejection of such a technical defense.

After a two-week trial, Hoskins was convicted of six counts of violating the FCPA, three counts of money laundering and two counts of conspiracy. The judge set a sentencing date in January 2020.

In this Episode, Michael Volkov reviews the Hoskins trial and verdict. See less -

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