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SEC v. Steven J. Ott and Roger Michael Young

 
:
ITXC Corp. - Young, Roger Michael
:
SEC Civil
:
September 6, 2006
:
SEC v. Steven J. Ott and Roger Michael Young
:
SEC v. Steven J. Ott and Roger Michael Young, 3:06-cv-04195-GEB-TJB (D.N.J.)
:
Telecommunications-Other/Multi
:
Nigeria, Rwanda, Senegal
:
2001; 2002; 2003; 2004
:
Various officials of government-owned telecommunications companies.
:
Roger Michael Young worked for ITXC Corporation ("ITXC"), a provider of Voice Over Internet Protocol telecommunication services, as its Managing Director of sales for Africa and the Middle East.

Young, along with other ITXC employees, allegedly violated the FCPA by making and approving bribes to foreign government officials in Nigeria, Senegal, and Rwanda in 2001 to 2004 in order to obtain telecom contracts with foreign government-owned carriers in those countries. The bribes were disguised as legitimate business expenses by falsifying business records.

ITXC competed with other international telecommunications firms for "carrier contracts" in Nigeria, Rwanda, and Senegal, whereby subscribers of ITXC's services would be able to place calls to those countries. In Nigeria, ITXC hired an inside agent with Nitel, the Nigerian national telecom, and paid him a $10,000 "retainer" as well as a profit sharing agreement to steer a contract to ITXC. ITXC likewise reached a similar agreement with an agent of Rwandatel, the Rwandan national telecom, in exchange for a contract. ITXC also contracted with an employee of Sonatel, a Senegalese government joint venture in Senegal, to obtain a contract. ITXC completed all payments via wire transfer from its bank accounts in New Jersey.
:
Aiding and abetting books and records, Aiding and abetting internal controls, Anti-bribery (Issuer), Books and records (Issuer), Internal controls (Issuer)
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Injunction/Cease and desist
:
Not stated.
:
0
:
Employee of Issuer
:
Other Senior Officer
:
U.S.
:
Contract Procurement/Retention
:
11,509,733
:
Wire/check
:
Sales Agent/Consultant
:
267,469
:
France, Nigeria, United Arab Emirates
:
United States
:
No
:
No