Advertisement
YOU ARE HERE: LAT HomeCollectionsControl Components Inc
IN THE NEWS

Control Components Inc

FEATURED ARTICLES
BUSINESS
February 4, 2009 | Stuart Pfeifer
The former finance director of an Orange County industrial valve maker pleaded guilty Tuesday to paying more than $600,000 in bribes to officials in four countries who bought his company's products. Richard Morlok, 55, pleaded guilty to a single felony count that accused him of conspiring to bribe officials with state-owned gas, oil and power companies in China, South Korea, Romania and Saudi Arabia. Morlok's company, Control Components Inc., made about $3.
ARTICLES BY DATE
BUSINESS
February 4, 2009 | Stuart Pfeifer
The former finance director of an Orange County industrial valve maker pleaded guilty Tuesday to paying more than $600,000 in bribes to officials in four countries who bought his company's products. Richard Morlok, 55, pleaded guilty to a single felony count that accused him of conspiring to bribe officials with state-owned gas, oil and power companies in China, South Korea, Romania and Saudi Arabia. Morlok's company, Control Components Inc., made about $3.
Advertisement
BUSINESS
August 1, 2009 | TIMES WIRE REPORTS
Control Components Inc. of Rancho Santa Margarita has pleaded guilty to paying bribes to officials at state-owned companies in China, Malaysia and the United Arab Emirates, U.S. prosecutors said. The maker of control valves used in nuclear, oil and gas power plants pleaded guilty to violating the U.S. Foreign Corrupt Practices Act and the Travel Act, U.S. Atty. Thomas O'Brien in Los Angeles said. The company was ordered to pay an $18.2-million fine. Control Components is a subsidiary of British firm IMI.
REAL ESTATE
November 16, 1986
Fifty of the 400 acres in the Rancho Santa Margarita Business Park have now been spoken for by seven companies which plan to build about 680,000 square feet of space. The largest of the planned structures at the six-month-old Orange County project will be a $30-million, 300,000-square-foot structure to be occupied by Hughes Aircraft Co.'s Microelectronic Systems division. The structure will be built and owned by Los Angeles-based Ratkovich, Bowers & Perez. Burroughs Corp.
BUSINESS
May 30, 2012 | By Ryan Faughnder
A former executive at an Orange County valve company pleaded guilty to bribing a Chinese government official, the U.S. Attorney's office announced Tuesday. Paul Cosgrove, former executive vice president of the Rancho Santa Margarita-based Control Components Inc., admitted to taking part in a foreign bribery scheme that resulted in a profit of $46.5 million, according to the U.S. Attorney in Los Angeles. Before U.S. District Judge James V. Selna in Santa Ana, he pleaded guilty to one count of making a corrupt payment of about $7,500 to a foreign government official in China.
BUSINESS
April 18, 2012 | By Stuart Pfeifer, Los Angeles Times
Two former executives of an Orange County company pleaded guilty to foreign corruption charges for bribing overseas government officials in order to win sales contracts. Stuart Carson, former president of Control Components Inc., and Hong "Rose" Carson, the Rancho Santa Margarita company's former director of sales in China and Taiwan, are scheduled to be sentenced in October. The Carsons, who are married and live in San Clemente, pleaded guilty to bribery charges Monday during a hearing in Santa Ana before U.S. District Judge James V. Selna.
BUSINESS
October 15, 1993
Bruce R. Peasland has been appointed chief financial officer of Statordyne Corp., an Anaheim manufacturer of power protection products. He was most recently business manager and chief financial officer of MacGillivray Freeman Films Inc., a film production and distribution company in Laguna Beach. Before that, Peasland served as vice president of finance and administration for Control Components Inc. He has also worked for British Petroleum Advanced Composites, Lear Siegler Inc.
BUSINESS
July 7, 2010 | By Nathan Olivarez-Giles, Los Angeles Times
An Italian citizen who worked as an overseas executive for an Orange County valve company has been extradited to the United States to face international bribery charges alongside five other company leaders, federal authorities said Tuesday. Flavio Ricotti is one of six executives at Control Components Inc. who are suspected of paying bribes to get contracts with private and state-owned foreign companies, according to a 16-count indictment in 2009. Ricotti, a 49-year-old resident of Bientina, Italy, was arrested in February in Frankfurt, Germany.
CALIFORNIA | LOCAL
January 16, 1988 | A. DAHLEEN GLANTON, Times Staff Writer
High levels of a potentially toxic chemical have been found in the soil and groundwater at a former industrial site in Irvine, and tests are being conducted to determine if the contamination could spread to drinking-water supplies. Soil and groundwater samples collected from the site of a former underground storage tank at 2567 Main St. two months ago showed concentrations of Trichloroethylene or TCE to be 40 to 80 times higher than the level considered acceptable in drinking water, Robert E.
BUSINESS
April 10, 2009 | Nathan Olivarez-Giles
A investigation into the bribing of foreign officials that had netted the guilty pleas of two former top executives at an Orange County valve company has widened into charges to include many of the company's former leaders, the U.S. attorney's office announced Thursday. Six former executives of the company were charged with conspiring to bribe foreign officials and others in return for lucrative contracts that resulted in about $46.5 million in net profit, the U.S.
BUSINESS
March 11, 2011 | By Stuart Pfeifer, Los Angeles Times
For a government official, Nestor Moreno lived pretty large. Moreno, the director of operations for Mexico's nationalized electricity monopoly, drove a $297,000 Ferrari and owned a $1.8-million yacht named Dream Seeker. Moreno couldn't afford these luxuries on his salary at the Federal Electricity Commission in Mexico City. Instead, U.S. prosecutors alleged, they were gifts from an Azusa company that was peddling its electricity transmission equipment to foreign buyers. Now, two executives of privately held Lindsey Manufacturing Co. ?
Los Angeles Times Articles
|