December 5, 2018

Former head of organization backed by Chinese energy conglomerate convicted of FCPA and money laundering offenses

Chi Ping Patrick Ho was convicted today by a jury in the Southern District of New York of FCPA, money laundering, and conspiracy charges in relation to his role in two international bribery schemes.  Ho is the former head of the China Energy Fund Committee, an NGO based in Hong Kong and Virginia that was funded by CEFC China Energy Company Limited (“CEFC China”), a Chinese energy and banking conglomerate.  According to the DOJ, Ho offered bribes to government officials in Chad and Uganda to advance the business interests of CEFC China.  Sentencing is scheduled for March 14, 2019.

DOJ press release | SDNY press release