Ex-Schnitzer exec makes deal to settle SEC bribery charges
Dec 13, 2007 | 02:56 PM
| Michael Marley
Robert W. Philip, former chairman and chief executive officer of Schnitzer Steel Industries Inc., has agreed to pay more than $260,000 to settle allegations that he bribed officials overseas to do business with the Portland, Ore.-based scrap exporter.
Without admitting guilt, Philip agreed to settle the charges that he violated the anti-bribery provisions of the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission (SEC) said. Philip's settlement includes $169,864 in disgorgement of bonuses, $16,537 in interest and a $75,000 civil....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.