Case

United States v. Telefonaktiebolaget LM Ericsson

Docket Number

19-CR-884

Overview

In 2019, the defendant (Ericsson) entered into a deferred prosecution agreement (DPA) for using third-party agents and consultants to make bribe payments to government officials and to manage off-the-books slush funds in Djibouti, China, Vietnam, Indonesia, and Kuwait, in violation of the Foreign Corrupt Practices Act (FCPA).
Following the 2019 resolution, Ericsson breached the DPA by failing to truthfully disclose all factual information and evidence related to the Djibouti scheme, the China scheme, and other potential violations of the FCPA’s anti-bribery or accounting provisions. Ericsson also failed to promptly report and disclose evidence and allegations of conduct related to its business activities in Iraq that may constitute a violation of the FCPA.
In 2023, Ericsson agreed to plead guilty to the original charges deferred by the 2019 DPA: one count of conspiracy to violate the anti-bribery provisions of the FCPA and one count of conspiracy to violate the internal controls and books and records provisions of the FCPA. Ericsson was required to serve a term of probation through June 2024 and agreed to a one-year extension of the independent compliance monitor. The plea agreement also required Ericsson to pay an additional criminal penalty of $206,728,848 – which includes the elimination of any cooperation credit originally awarded pursuant to the DPA.

This case was filed on March 20, 2023 in the Southern District of New York.

This case was unsealed on February 17, 2023.

Related Document(s):

Case Open Date

March 20, 2023

Case Name

United States v. Telefonaktiebolaget LM Ericsson

Case Type

Criminal

Topics

Foreign Corruption

Component

Updated October 18, 2023