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U.S. v. Cantor

 
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American Bank Note Holographics - Cantor, Joshua C.
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DOJ Criminal
:
July 17, 2001
:
U.S. v. Cantor
:
United States v. Cantor, 01 Cr. 687 S.D.N.Y. June 4, 2001
:
Joshua Cantor pleaded guilty in 2001, but had not yet been sentenced.
:
Manufacturing-Other/Multi
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Saudi Arabia
:
1998; 1999
:
Director of the Issues and Vaults Department of the Saudia Arabian Monetary Agency (SAMA), an agency of the Kingdom of Saudi Arabia.
:
ABNH makes holographic products that are used in a variety of commercial applications, most notably in the production of Visa and Mastercard payment cards. The Saudia Arabian Monetary Agency (SAMA) approached ABNH with the opportunity to be the supplier of a hologram for a commemorative Saudi Arabian banknote. This opportunity was subject to a competitive bidding process, and had the possibility of leading to future business from SAMA. In approximately May 1998, one of ABNH's overseas sales agents informed ABNH that its bid would need to include "an additional sum to cover consultancy fees." Defendant Cantor believed at least a portion of these fees would be received by foreign officials to ensure that ABNH was awarded the contract. Thereafter, ABNH approved a bid including a substantial "consultancy fee." The bid was accepted, and consultancy fees in the amount of $239,000 were transferred to a Swiss bank account in Geneva held in the name of "Satapco."
:
Conspiracy - Books & Records
:
Securities Fraud
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Plea
:
Not stated.
:
0
:
Officer of Domestic Concern, Officer of Issuer
:
General Manager, Other Senior Officer
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U.S.
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Contract Procurement/Retention
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597,500
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Wire/check
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Sales Agent/Consultant
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239,000
:
No
:
No