The Securities and Exchange Commission has charged Joohyun Bahn, a New Jersey real estate broker, with attempting to bribe a Middle Eastern official in order to facilitate the sale of a building in Vietnam. Bahn was acting on behalf of Colliers International Group, Inc. when he allegedly gave bribe money to a third party, who kept the money rather than passing it to the intended recipient of the bribe. Bahn agreed to pay $225,000 in disgorgement, which was deemed satisfied by the forfeiture and restitution ordered during his sentencing in a related criminal proceeding, in which he also received a six-month term of imprisonment.
September 6, 2018