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Wilbur Ross Gets right to Work

Manonthestreet

Diamond Member
May 20, 2014
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As part of the settlement, ZTE has agreed to pay a penalty of $661 million to Commerce’s Bureau of Industry Security (BIS), with $300 million suspended during a seven-year probationary period to deter future violations. This civil penalty is the largest ever imposed by the BIS and, if the criminal plea is approved by a federal judge, the combined $1.19 billion in penalties from Commerce, the Department of Justice, and the Department of Treasury, would be the largest fine and forfeiture ever levied by the U.S. government in an export control case. Secretary of Commerce Wilbur L. Ross, Jr. Announces $1.19 Billion Penalty for Chinese Company’s Export Violations to Iran and North Korea

Time to straighten up and fly right now that laws are once again being enforced. No more wink and nod or go ahead walk all over America bs
 
As part of the settlement, ZTE has agreed to pay a penalty of $661 million to Commerce’s Bureau of Industry Security (BIS), with $300 million suspended during a seven-year probationary period to deter future violations. This civil penalty is the largest ever imposed by the BIS and, if the criminal plea is approved by a federal judge, the combined $1.19 billion in penalties from Commerce, the Department of Justice, and the Department of Treasury, would be the largest fine and forfeiture ever levied by the U.S. government in an export control case. Secretary of Commerce Wilbur L. Ross, Jr. Announces $1.19 Billion Penalty for Chinese Company’s Export Violations to Iran and North Korea

Time to straighten up and fly right now that laws are once again being enforced. No more wink and nod or go ahead walk all over America bs



now that laws are once again being enforced.


Make Russia Great Again

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Easy money.....no more hand wringing......no more but,,,but....what can we do
 

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