FalconStor Software Inc will pay $5.8 million to resolve criminal and civil charges that it bribed JP Morgan Chase Bank NA executives to obtain $12 million in software contracts, federal prosecutors said on Wednesday.
According to a criminal complaint filed in Brooklyn federal court, FalconStor offered more than $300,000 in restricted FalconStor shares, stock options, gambling vouchers, gift cards and golf perks to JP Morgan executives in Columbus, Ohio, in exchange for $12.2 million in software contracts.
via FalconStor to pay $5.8 mln to settle bribe charges — Reuters
