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SEC v. Joshua C. Cantor

 
:
American Bank Note Holographics - Cantor, Joshua C.
:
SEC Civil
:
April 10, 2003
:
SEC v. Joshua C. Cantor
:
SEC v. Joshua C. Cantor, 03-CV-2488 (S.D.N.Y. 2003)
:
Manufacturing-Other/Multi
:
Saudi Arabia
:
1998; 1999
:
Joshua Cantor settled this action with the SEC without admitting or denying the following facts alleged in the SEC's complaint.
ABNH makes holographic products that are used in a variety of commercial applications, most notably in the production of Visa and Mastercard payment cards. In approximately May 1998, Cantor caused a payment of $239,000 to be made as a consulting fee for the benefit of officials of the government of Saudi Arabia in connection with a contract bidding process. 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."
:
Aiding and abetting books and records, Aiding and abetting internal controls, Anti-bribery (Other Persons)
:
Injunction/Cease and desist
:
Not stated.
:
0
:
Officer of Domestic Concern, Officer of Issuer
:
General Manager, President
:
U.S.
:
Contract Procurement/Retention
:
597,500
:
Wire/check
:
Sales Agent/Consultant
:
239,000
:
Switzerland
:
Switzerland
:
No
:
No