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A third-party supplier to a major multi-channel electronic retailer pled guilty in U.S. federal court to the criminal charge of intentionally defrauding the United States of more than $1 million in customs duties. The supplier, Fai Po Jewellery (H.K.) Co., Ltd. (“Fai Po”), was ordered to pay nearly $2 million in criminal fines and restitution and placed on probation for a period of three years.(1) |
Lessons for Retailers: Hong Kong Supplier Pleads Guilty to US Customs Fraud
By Ted Murphy 1 Min Read
Author
Ted Murphy
Ted Murphy currently serves as managing partner of the Washington, DC office. Mr.Murphy counsels companies on customs law and the administration and implementation of international agreements (such as the WTO Agreement on Customs Valuation, NAFTA, the Information Technology Agreement, etc.) and represents companies in various types of enforcement matters before US Customs and Border Protection and Homeland Security Investigations. He is a frequent speaker on customs compliance-related topics at seminars in the United States and abroad. He is routinely recognized as a leading practitioner by the Legal 500 and Chambers USA.