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  "documentTitle": "Danimer Scientific (DNMR)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Armor Holdings Agrees to Pay $10.2 Million Criminal Penalty to Resolve Violations of the Foreign Corrupt Practices Act. According to the agreement, Armor accepts responsibility for its subsidiary's payment of more than $200,000 in commissions to a third-party sales agent, a portion of which it knew was to be passed on to a U.N. procurement official to induce the official to award two separate U.N. contracts to Armor's subsidiary. Armor acknowledged that it failed to devise and maintain an appropriate system of internal accounting controls. In a related matter, Armor reached a settlement today with the U.S. Securities and Exchange Commission (SEC) and agreed to pay more than $5.69 million in disgorgement of profits, including pre-judgment interest, and a civil money penalty.",
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      "text": "Armor eventually agreed to pay over $15 million in penalties and disgorged profits, accept responsibility for its payment of bribes, and acknowledge a failure in its internal accounting controls.",
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      "text": "2. From 2001 through 2006, certain agents of Armor Holdings participated in a bribery scheme in which corrupt payments were authorized to be made to an official of the United Nations (\"U.N.\"), for the purpose of obtaining and retaining U.N. business. 15. In late September 2001, the third-party intermediary obtained a confidential internal U.N. memorandum recommending that API be awarded the contract. The intermediary immediately emailed this internal U.N. document to an agent of Armor Holdings – advising him to \"PLEASE DESTROY AFTER READING.\" 16. In October 2001, the U.N. awarded API a multi-year contract for the supply of body armor. API's ability to secure this business was facilitated by the intermediary's inside access within the U.N. procurement system.",
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      "text": "For a period during Croskrey's tenure, Armor was accused by the United States Department of Justice and the Securities and Exchange Commission of participating in a bribery scheme that helped supply body armor for use by United Nations (U.N.) forces. Based on the SEC's court filing, parties involved in the scandal instructed others to \"PLEASE DESTROY AFTER READING\". Armor eventually agreed to pay over $15 million in penalties and disgorged profits, accept responsibility for its payment of bribes, and acknowledge a failure in its internal accounting controls.",
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      "text": "Source: Justice.gov",
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