In April 2013, Frédéric Pierucci was arrested in New York by the FBI and accused of bribery. The US authorities imprisoned him for more than two years – including fourteen months in a notorious maximum-security prison. In doing so, they forced Alstom to pay the biggest financial penalty ever imposed by the United States. In the end, Alstom also gave up areas of control to General Electric, its biggest American competitor.
Frédéric’s story unpacks how the United States is using corporate law as an economic weapon against its own allies. One after the other, some of the world’s largest companies are being actively destabilised to the benefit of the US, in acts of economic sabotage that seem to be the beginning of what’s to come…
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