Wednesday, March 22, 2006

FCPA Guilty Plea for Bribery of Diplomats to Certify Liberian Diploma Mill

Saint Regis University graduates beware, your degree is from a diploma mill in Liberia (in case you didn't know that already).  Not to be confused with Regis College in Massachusetts or Regis University in Denver, Saint Regis University was a school purportedly accredited in Liberia, but it turns out that three Liberian diplomats accepted over $40,000 in bribes to have the country's Board of Education certify the on-line school that granted credit for "life experience" -- a sure sign of questionable educational practices.  Richard Novak entered a guilty plea to conspiracy and Foreign Corrupt Practices Act charges for his role in making the payments to the diplomats, including at least one transaction in a Washington, D.C. hotel room that was secretly videotaped by the Secret Service.  The "University" issued over $6,000 college degrees, and an AP story (here) reports that two other defendants, Dixie and Stephen Randock, allegedly were the source of the bribery funds and the organizers of the operation, which included other purported "universities" issuing diplomas.  The Randocks were indicted on mail/wire fraud and conspiracy charges in October 2005.  (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/03/fcpa_guilty_ple.html

FCPA, Fraud, Prosecutions | Permalink

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