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SEC Prosecutions

Settlement with Former Chairman of Syncor International Corp. for Alleged Violations of the Foreign Corrupt Practices Act

SEC v. Monty Fu

  • 2007
  • $75,000

Defendant was charged with violating and aiding and abetting violations of the books-and-records and internal-accounting-controls provisions of the FCPA. He served as the chairman of Syncor International Corp. during a time period in which certain of its foreign subsidiaries, including Syncor Taiwan, allegedly paid hidden/illegal commissions and referral fees to doctors employed by hospitals under foreign government control.

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