Violation Tracker Individual Record

Company: 
The Titan Corporation
Current Parent Company: 
L-3 Technologies
Penalty: 
$15,500,000
Year: 
2005
Date: 
March 1, 2005
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

The Titan Corporation, a San Diego, Calif. based military intelligence and communications company, agreed to pay $15.5 million to settle SEC allegations of violating the anti-bribery, internal controls and books and records provisions of the Foreign Corrupt Practices Act (FCPA) by funneling approximately $2 million, via its agent in Benin, towards the election campaign of Benin's then-incumbent President.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.