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Violation Tracker Individual Record

Company: Freepoint Commodities LLC
Penalty: $98,000,000
Year: 2023
Date: December 14, 2023
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: Freepoint Commodities LLC, a commodities trading company based in Stamford, Connecticut, agreed to pay over $98 million to resolve an investigation by the U.S. Justice Department into violations of the Foreign Corrupt Practices Act (FCPA) stemming from the company's involvement in a corrupt scheme to pay bribes to Brazilian government officials.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.