Vadim Mikerin, Techsnabexport and the Law
Vadim Mikerin was once a student of mine. His employer, TENEX, contracted for Sales Training, selecting me over the Dale Carnegie Institute. I was pleased. I think it was the only time a Russian customer wanted training in English; this to facilitate their staff's language skills as well as sales skills. I remember the group. Very very very well educated. They were selling Uranium. Not just anyone gets to do that.
We ran ten days of lessons. 2 courses of '6-Step Corporate Sales'. We didn't include anything on the Foreign Corrupt Practices Act (FCPA), perhaps we should have and saved Vadim 4 years in jail. Geesh.
I remember Vadim as a student. He seemed quite busy. 'Nuff said.
Vadim is well educated, very bright, and gave into the temptation of corruption. In this he is simply human. 4 years. Bummer. And I learned why he really didn't seem interested in sales skills. Who needs them when you can play the game of kickbacks, etc. Hmmmm.
http://fcpa.stanford.edu/enforcement-action.html?id=583
Summary
Prior to 2007, JSC Techsnabexport ("'TENEX") was a wholly-owned subsidiary of Rosimushchestvo, the Russian Federation's agency responsible for state property management. Beginning in 2007, TENEX was a wholly-owned subsidiary of JSC Atomenergoprom, which was a wholly-owned subsidiary of The State Atomic Energy Corporation ROSATOM ("ROSATOM"). TENEX operated as the sole supplier and exporter of Russian Federation uranium and uranium enrichment services to nuclear power companies worldwide. In about October 2010, TENEX established TENAM Corporation ("TENAM") as its wholly-owned subsidiary and official representative in the United States.
Vadim Mikerin was a Director of the Pan American Department of TENEX from about 2004 through about 2010, and was the President of TENAM from about October 2010 through about October 2014.
Between 2004 and October 2014, Mikerin conspired with others to transmit funds from Maryland and elsewhere in the United States to offshore shell company bank accounts located in Cyprus, Latvia, and Switzerland for the purpose of promoting a corrupt payment scheme that violated the FCPA. The payments were made to influence Mikerin and to secure improper business advantages for U.S. companies that did business with TENEX. Mikerin used consulting agreements and code words such as “lucky figure,” “LF,” “cake” and “remuneration” to disguise the corrupt payments.
The case against Mikerin was initiated under seal in the District of Maryland on July 25, 2014 by the DOJ. On August 27, 2015, the DOJ filed a superseding information against Mikerin alleging conspiracy to commit money laundering. On August 31, 2015, Mikerin entered into a plea agreement with the DOJ in which he pleaded guilty to the single count of conspiracy. On December 15, 2015, the court sentenced Mikerin to 4 years in prison and ordered him to pay a mandatory assessment of $100 and forfeit $2,126,622.36.
We ran ten days of lessons. 2 courses of '6-Step Corporate Sales'. We didn't include anything on the Foreign Corrupt Practices Act (FCPA), perhaps we should have and saved Vadim 4 years in jail. Geesh.
I remember Vadim as a student. He seemed quite busy. 'Nuff said.
Vadim is well educated, very bright, and gave into the temptation of corruption. In this he is simply human. 4 years. Bummer. And I learned why he really didn't seem interested in sales skills. Who needs them when you can play the game of kickbacks, etc. Hmmmm.
http://fcpa.stanford.edu/enforcement-action.html?id=583
Summary
Prior to 2007, JSC Techsnabexport ("'TENEX") was a wholly-owned subsidiary of Rosimushchestvo, the Russian Federation's agency responsible for state property management. Beginning in 2007, TENEX was a wholly-owned subsidiary of JSC Atomenergoprom, which was a wholly-owned subsidiary of The State Atomic Energy Corporation ROSATOM ("ROSATOM"). TENEX operated as the sole supplier and exporter of Russian Federation uranium and uranium enrichment services to nuclear power companies worldwide. In about October 2010, TENEX established TENAM Corporation ("TENAM") as its wholly-owned subsidiary and official representative in the United States.
Vadim Mikerin was a Director of the Pan American Department of TENEX from about 2004 through about 2010, and was the President of TENAM from about October 2010 through about October 2014.
Between 2004 and October 2014, Mikerin conspired with others to transmit funds from Maryland and elsewhere in the United States to offshore shell company bank accounts located in Cyprus, Latvia, and Switzerland for the purpose of promoting a corrupt payment scheme that violated the FCPA. The payments were made to influence Mikerin and to secure improper business advantages for U.S. companies that did business with TENEX. Mikerin used consulting agreements and code words such as “lucky figure,” “LF,” “cake” and “remuneration” to disguise the corrupt payments.
The case against Mikerin was initiated under seal in the District of Maryland on July 25, 2014 by the DOJ. On August 27, 2015, the DOJ filed a superseding information against Mikerin alleging conspiracy to commit money laundering. On August 31, 2015, Mikerin entered into a plea agreement with the DOJ in which he pleaded guilty to the single count of conspiracy. On December 15, 2015, the court sentenced Mikerin to 4 years in prison and ordered him to pay a mandatory assessment of $100 and forfeit $2,126,622.36.
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