LOS ANGELES (AP) — A Southern California company and two of its executives have been indicted on conspiracy charges, accused of bribing Mexican government officials to obtain lucrative contracts.

Keith Lindsey, president of Lindsey Manufacturing Co., and Steve Lee, were each charged Thursday with eight counts, including conspiracy and money laundering. If convicted, they each face more than 50 years in prison.

Federal prosecutors say the Azusa-based company paid more than$5 million to an intermediary that was used to buy a yacht and Ferrari for a Mexican official. Two others had previously been indicted on similar charges.

Court documents said the officials worked for Mexico’s national electric utility, the Federal Electricity Commission.

Attorneys for Lindsey and Lee said their clients had no knowledge of improper payments.

© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments (4)
  1. Bob says:

    Foreign Corrupt Practices make it illegal for US companies to bribe foreign officials.
    They are looking at hefty fines and hard time.
    This is what happens when you live without ethics.

  2. William Joseph Miller says:

    How much money did this corporation donate to the U.S Chamber of Commerce. If the US Chamber of Commerce were forced to DISCLOSE all its donors, I am sure we would have a list of donors stretching all around the globe.

    Basically, the unwritten theme of this election is bribery. The real issue is whether special funds can buy an election. If you want responsive government, don’t vote for candidates endorsed by the U S Chamber of Commerce.

  3. Stimpy says:

    This is exactly why the country is crashing. Too much corruption. Nobody has ethics. This is the modern wild west. Instead of riding horses in boots they ride on expensive cars with expensive shoes. Greed is turning all of us against each other.

  4. Alan Hart says:

    When you do business in the most corrupt country, this is what you have to do. Without bribery, the contract goes to a foreign country. However, if you are the US, you can “sell” war toys for billions less than they cost, but that’s not bribery!

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