A U.S. businessman and CEO from Georgia has been convicted by a federal jury in Miami for participating in a bribery and money laundering scheme to secure lucrative contracts in Honduras.
Carl Alan Zaglin, 70, of Marietta, was found guilty of conspiring to violate the Foreign Corrupt Practices Act (FCPA), violating the FCPA, and conspiring to commit money laundering, according to the U.S. Attorney’s Office for the Southern District of Florida.
Bribery Scheme Overview
Evidence at trial showed that from March 2015 to November 2019, Zaglin orchestrated bribe payments totaling hundreds of thousands of dollars to Honduran officials. The goal was to win contracts exceeding $10 million with TASA, the government entity responsible for procuring supplies for Honduras’s police and security agencies. Prosecutors said these actions gave Zaglin an unfair market advantage and distorted the rule of law.
“Instead of playing by the rules, Carl Zaglin unfairly sought to get ahead and enrich himself by paying bribes to Honduran officials,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division.
The scheme involved coded language and sham invoices to disguise illicit payments as legitimate transactions.
Legal Consequences
Zaglin faces up to five years in prison for each FCPA-related count and up to 20 years for the money laundering conspiracy charge. A federal district court judge will determine his sentence, taking into account U.S. Sentencing Guidelines and other statutory factors.
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