DOJ unseals 11-Count FCPA indictment against Maryland executive
In an indictment unsealed on January 5, the DOJ charged a former executive of a Maryland company, Mark Lambert, with 11 criminal counts, including seven counts of violating the FCPA and one count of conspiracy to violate the FCPA. The allegations relate to an alleged scheme to bribe Vadim Mikerin, an official at TENEX, a Maryland-based Russian energy company that is a subsidiary of Russia’s State Atomic Energy Corporation, as well as the sole supplier and exporter of Russian Federation uranium and uranium enrichment services. Lambert alleged sought to improperly obtain awards of nuclear transportation contracts from TENEX to his company. Several other key players in the case already have pleaded guilty, including Lambert’s former business associate as well as Mikerin. Although sentencing for a number of the parties is forthcoming, Mikerin already has been ordered to forfeit $2.1 million following his guilty plea. The initial investigation began in 2007 as part of a joint DOE-OIG and FBI probe into Mikerin for laundering the funds derived from the scheme into offshore accounts.