Former ITXC executives plead guilty to FCPA violations

ixtc-logo.jpgThe Department of Justice has announced that two former executives of ITXC Corporation have pleaded guilty to violations of the Foreign Corrupt Practices Act (FCPA), and one former executive has been already been sentenced for the violations.

Steven J. Ott and Roger Michael Young, former executives of the global telecommunications company, pleaded guilty on July 25, 2007, to separate one-count criminal charges of conspiring to violate the FCPA.

Ott served as ITXC’s EVP of Global Sales and Young served as the company’s Managing Director for Africa and the Middle East. In pleading, both defendants admitted to paying over $250,000 in bribes to employees of foreign state-owned and foreign-owned telecommunications carriers in Nigeria, Rwanda, and Senegal to obtain and retain contracts for ITXC between September 1999 and October 2004.

In a related case, a former Regional Manager of ITXC Corporation, Yaw Osei Amoakoof, was sentenced to 18 months in prison for FCPA violations stemming from corrupt payments to foreign officials in order to retain business for ITXC in Africa.


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