Handbag Mogul Bourke Found Guilty in Bribe Case

July 13th, 2009

Wall Street Journal

A federal jury convicted Connecticut investor Frederic Bourke Jr. on Friday of engaging in a scheme to bribe Azerbaijan government officials, marking a big victory for the Justice Department as it ratchets up its pursuit of overseas corruption.

Mr. Bourke, co-founder of the Dooney & Bourke handbag company, was found guilty in U.S. District Court in Manhattan of conspiracy to violate the Foreign Corrupt Practices Act and the travel act and making false statements to federal law-enforcement officials. Each count carries a term of as long as five years in prison. The jury found him not guilty on a single count of money-laundering conspiracy.

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