David Edmonds Gets Fine, Prison and Home Confinement for Bribing Greek Officials
David Edmonds, 60, was also ordered to pay a $20,000 fine for his role in a scheme that offered $6.85 million bribes in more than 30 countries to get about $46.5 million in business for Rancho Santa Margarita-based valve company Control Components Inc.
The company that designed and made control valves used in nuclear, oil, gas and power-generation industries acknowledged its executives routinely violated the Foreign Corrupt Practices Act, according to federal prosecutors.
My colleague R. Scott Moxley reported last month that Edmonds' associate Stuart Carson, 73, of San Clemente, received the same sentence in Judge James Selna's courtroom at the Ronald Reagan Federal Courthouse:
San Clemente Businessman Gets Punished For $6.85 Million Foreign Bribery Operation
Carson copped to bribing officials in the Greek government in July 2003. His 48-year-old wife, Hong "Rose" Carson, participated in the scheme and was given three years of probation.
I'd reported in September about the first conviction in the case, which Selna handed to Control Components owner Paul Cosgrove. The feds wanted the 65-year-old to do 15 months in prison, but due to Cosgrove's poor health he was sentenced to 13 months of confinement in his Laguna Niguel home:
Paul Cosgrove's Health Woes Spare Him Some Prison Time (and Prison) in China Bribe Scheme
Cosgrove admitted to authorizing bribes in China on behalf of his former company.
Two other former company officials have yet to learn their fates.
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