Houston-based FMC Technologies recently agreed to pay $610,000 to settle charges that it had exported butterfly valves on 78 occasions without required export licenses from the Bureau of Industry and Security (“BIS”). This ouch-sized fine, which followed a voluntary disclosure…
ABOVE: CSM 7806 Mobile TelephoneInterception Device Manhattan defense attorney Robert Simels is on trial in connection with alleged criminal actions taken by him in the course his defense of Guyanese drug lord Roger Khan. These charges included alleged witness tampering…
An earlier post here reported that the SEC has sent a letter to Intel inquiring as to how Intel Celeron microprocessors wound up in computers being sold in Cuba. According to an article in yesterday’s Wall Street Journal, Intel’s “misery”…
This EETimes story, which discusses some of the litigation woes of Altmel disclosed by the company in its SEC filings, mentions one lawsuit that will be of particular interest to the export community. On June 9, [Nucleus Electronics Ltd. (Hong…
A report today in the Internet edition of Electronics Weekly brought to my attention some correspondence back in June between the Securities and Exchange Commission (“SEC”) and Intel. The correspondence arose from newspaper reports in May that Cuba had lifted…