{"id":54740,"date":"2023-11-16T18:09:12","date_gmt":"2023-11-17T02:09:12","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=54740"},"modified":"2023-11-16T18:09:12","modified_gmt":"2023-11-17T02:09:12","slug":"former-gm-manager-guilty-of-receiving-bribe-from-foreign-parts-supplier","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=54740","title":{"rendered":"Former GM Manager Guilty of Receiving Bribe from Foreign Parts Supplier"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0<\/strong><\/span><\/p>\n

\"\"Officials stated that a jury found a former manager at General Motors guilty Thursday of conspiring to solicit and receive a $5 million bribe from a South Korean company.<\/span><\/p>\n

In return for a promise to deliver, Hyoung Nam So conspired to get a contract of over $100 million for various car parts, according to authorities.<\/span><\/p>\n

So, 48, a.k.a. \u201cBrian So,\u201d of Irvine, was found guilty of one count of conspiracy to commit bribery.<\/span><\/p>\n

According to evidence presented at a seven-day trial, in 2015 a foreign parts supplier paid So a total of $3.45 million in cash. As a manager and team leader at General Motors (GM), <\/span><\/p>\n

So oversaw the supply of parts used to build interiors for GM automobiles in North America. <\/span><\/p>\n

\"\"In October 2015, the evidende indicated that So promised the contract, which was to be awarded through a competitive bidding process \u2013 to the owner of the South Korean parts company \u2013 Wookyung MIT \u2013 in exchange for $5 million, which So demanded in cash.<\/span><\/p>\n

The following month, the owner of Wookyung MIT arranged to have $1 million in cash transferred from South Korea to Los Angeles through money brokers, which an accomplice then drove to Troy, Michigan, where So was then living. <\/span><\/p>\n

The owner of Wookyung MIT flew to Detroit in late November 2015 and personally delivered the cash to So during a meeting at a hotel in Troy.<\/span><\/p>\n

By the time So received the first $1 million installment of the bribe payment, he had already learned that Wookyung MIT was not the lowest bidder on the contract.\u00a0 <\/span><\/p>\n

\"\"So arranged for information to be provided to Wookyung MIT to allow it to revise its bid. On December 8, 2015, So\u00a0recommended to GM executives that the contract be awarded to Wookyung MIT, which was awarded to Wookyung MIT on the same day.<\/span><\/p>\n

So refrained from notifying Wookyung MIT that it had won the contract and continued to withhold that information until Wookyung MIT\u2019s owner paid the remaining portion of the bribe, the evidence shows.<\/span><\/p>\n

That occurred on December 20, 2015, when the owner of Wookyung MIT paid $2.45 million in cash at a restaurant in Detroit\u2014cash that also had been driven from Los Angeles to Michigan. <\/span><\/p>\n

The following day, So arranged for Wookyung MIT to be informed that it had won the contract.<\/span><\/p>\n

Homeland Security Investigations seized $3.19 million believed to be proceeds from the bribery scheme from a private vault in Los Altos in 2017. Homeland Security Investigations subsequently returned the money to South Korean authorities.<\/span><\/p>\n

The owner of Wookyung MIT was prosecuted in South Korea for offenses related to the bribery scheme.<\/span><\/p>\n

U.S. District Judge Andr\u00e9 Birotte Jr. scheduled a May 24 sentencing hearing. So faces up to five years in prison.<\/span><\/p>\n

The investigation into the bribery scheme was conducted by Homeland’s Los Angeles El Camino Real Financial Crimes Task Force.<\/span><\/p>\n

It is a multi-agency task force comprised of federal and state investigators focused on financial crimes in Southern California.<\/span><\/p>\n

Assistant U.S. Attorneys Jeff Mitchell and David Y. Pi of the Major Frauds Section are prosecuting this case.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 Officials stated that a jury found a former manager at General Motors guilty Thursday of conspiring to solicit and receive a $5 million bribe from a South Korean company. 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