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On Sale: Corsa Coal Resolves $1.2 Million Enforcement Action After The DOJ Concludes It Is Unable To Pay The Remaining $31.5 Disgorgement Amount

By on March 14, 2023 in 2023 Enforcement Action, Coal Industry, Corsa Coal, DOJ Enforcement Action, Egypt, Inability to Pay
onsale

In 2021, the DOJ announced that Frederick Cushmore Jr. (an individual employed by Corsa Coal in various international sales positions) was criminally charged and plead guilty to a conspiracy charge to violate the FCPA’s anti-bribery provisions in connection with a bribery scheme in Egypt. (See here for the prior post).

In 2022, the DOJ announced that Charles Hunter Hobson (an individual employed by Corsa Coal in a variety of roles)  was also criminally charged in connection with the same core conduct. (See here for the prior post). The enforcement action against Hobson remains active with the next status conference scheduled for April 3rd.

Recently, the DOJ posted this “declination with disgorgement” letter to Corsa Coal’s counsel on its FCPA website.

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Another Former Corsa Coal Executive Charged In Connection With Egypt Bribery Scheme

By on March 31, 2022 in 2022 Enforcement Action, Charles Hunter Hobson, Coal Industry, Corsa Coal, DOJ Enforcement Action, Egypt, Gaining Access to Confidential Documents
Hobson

As highlighted in this prior post, in 2021 Frederick Cushmore Jr. (a former executive of Pennsylvania-based coal mining company Corsa Coal Corp.) was criminally charged and pleaded guilty to a conspiracy charge to violate the FCPA’s anti-bribery provisions in connection with a bribery scheme in Egypt involving Al Nasr Company for Coke and Chemicals (“Al Nasr” or “NCCC” – an alleged Egyptian state-owned and state-controlled entity and a subsidiary of Metallurgical Industries Holding Company, which was owned and controlled by the Egyptian government).

Today, the DOJ announced that Charles Hunter Hobson (pictured) was also criminally charged in connection with the same core conduct. According to his LinkedIn page, Hobson served in a variety of roles at Corsa Coal from 2013 to 2018. (See also here).

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Former Corsa Coal VP And Head Of International Sales Pleads Guilty To Egypt Bribery Scheme

By on November 22, 2021 in 2021 Enforcement Actions, Coal Industry, Corsa Coal, DOJ Enforcement Action, Egypt, Frederick Cushmore, Gaining Access to Confidential Documents, Individual Enforcement Action, Third Parties
Cushmore

Corsa Coal Corp. is a publicly traded Pennsylvania-based coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. It’s core business is producing and selling metallurgical coal to domestic and international steel and coke producers.

Between 2016 and 2020, Frederick Cushmore Jr. (pictured) was employed by Corsa in various international sales positions including Vice-President, Head of International Sales. (See here for Corsa’s 2018 press release announcing Cushmore’s promotion. In the release, Corsa’s CEO stated: “We are thrilled to … provide Fred with a well-deserved promotion.”

Recently, Cushmore was criminally charged and plead guilty to a conspiracy charge to violate the FCPA’s anti-bribery provisions in connection with a bribery scheme in Egypt.

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