September 6, 2018

Real estate broker charged with attempted bribery

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.

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