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Government Dismisses Remaining Charges in O’Shea FCPA Case

Posted in Criminal Charges in Securities Cases, Foreign Corrupt Practices Act

On Thursday, February 9 2012, prosecutors filed a motion in federal court in Texas requesting that the remaining charges against John O’Shea be dismissed. On January 16, 2012, the Court dismissed the FCPA charges against Mr. O’Shea, leaving one count of conspiring to violate the FCPA, four counts of money laundering and one count of creating a false document to obstruct the Government’s investigation. Thursday’s motion stated:

In light of the Court’s prior statements and rulings, as well as the resulting collateral estoppels issues associated with the Court’s judgment of acquittal, the government hereby moves pursuant to Rule 48(a) of the Federal Rules of Criminal Procedure to dismiss the remaining counts of the criminal Indictment against Mr. O’Shea with prejudice.

The motion was filed two days after the Government revealed that it was considering dropping charges in another FCPA case – the FCPA Sting case in Washington, DC.