Ferrari, Yacht Payoffs Alleged at Foreign-Bribes Trial
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Two executives at a California maker of power-line equipment went on trial today in Los Angeles, accused of bribing officials at a Mexican utility with a car and a boat to win orders.
Lindsey Manufacturing Co. President Keith Lindsey and Chief Financial Officer Steve Lee are charged with violating the U.S. Foreign Corrupt Practices Act by using a Mexican intermediary to pay off the officials, including buying one of them a $1.8 million yacht and a $300,000 Ferrari.