Make us your home page
Instagram

Tampa firm PBSJ Corp. investigates subsidiary on suspicion of bribery

A prominent Florida engineering firm and major government contractor, Tampa's PBSJ Corp., is coming off a series of corporate stumbles from campaign contribution miscues and internal embezzlement only to run into new questions over the way it conducts business overseas.

In a filing dated Dec. 30 with the Securities and Exchange Commission, PBS&J said its board of directors is internally investigating whether any bribery laws have been violated, including the Foreign Corrupt Practices Act, in connection with projects undertaken by subsidiary PBS&J International Inc. "in certain foreign countries." The company said it must delay filing its 2009 annual report to the SEC pending the investigation's outcome.

Last year, PBS&J's woes involved iffy campaign contribution practices. A Federal Election Commission report made public last month says PBS&J regularly made illegal campaign contributions. Investigators concluded that "political contributions were an important part of PBS&J's business strategy" and that "the practice of making illegal campaign contributions involved officers at all levels of the company and was not limited to a few rogue employees."

Investigators said chief executive John Zumwalt admitted that checks "made payable to them by a PBS&J subsidiary were reimbursement checks for political contributions." Such reimbursements are illegal.

PBS&J relocated its headquarters to Tampa from Miami in 2006 amid a widely reported $36 million embezzlement scheme. The employee-owned company provides infrastructure planning, engineering, construction management, architecture and program management services to public and private clients. The firm has nearly 3,900 employees and more than 80 offices.

Tampa firm PBSJ Corp. investigates subsidiary on suspicion of bribery 01/08/10 [Last modified: Friday, January 8, 2010 10:01pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Massachusetts firm buys Tampa's Element apartment tower

    Real Estate

    TAMPA — Downtown Tampa's Element apartment tower sold this week to a Massachusetts-based real estate investment company that plans to upgrade the skyscraper's amenities and operate it long-term as a rental community.

    The Element apartment high-rise at 808 N Franklin St. in downtown Tampa has been sold to a Northland Investment Corp., a Massachusetts-based real estate investment company. JIM DAMASKE  |  Times
  2. New York town approves Legoland proposal

    News

    GOSHEN, N.Y. — New York is one step closer to a Lego dreamland. Goshen, a small town about fifty miles northwest of the Big Apple, has approved the site plan for a $500 million Legoland amusement park.

    A small New York town, Goshen approved the site plan for a $500 million Legoland amusement park. Legoland Florida is in Winter Haven. [Times file  photo]
  3. Jordan Park to get $20 million makeover and new senior housing

    Real Estate

    By WAVENEY ANN MOORE

    Times Staff Writer

    ST. PETERSBURG —The St. Petersburg Housing Authority, which bought back the troubled Jordan Park public housing complex this year, plans to spend about $20 million to improve the 237-unit property and construct a new three-story building for …

    Jordan Park, the historic public housing complex, is back in the hands of the St. Petersburg Housing Authority. The agency is working to improve the 237-unit complex. But the latest plan to build a new three-story building for seniors will mean 31 families have to find new homes. [LARA CERRI   |   Tampa Bay Times]
  4. Coming soon at two Tampa Bay area hospitals: a cancer treatment that could replace chemo

    Health

    A new cancer treatment that could eventually replace chemotherapy and bone marrow transplants — along with their debilitating side effects — soon will be offered at two of Tampa Bay's top-tier hospitals.

    Dr. Frederick Locke at Moffitt Cancer Center in Tampa is a principal investigator for an experimental therapy that retrains white blood cells in the body's immune system to fight cancer cells. The U.S. Food and Drug Administration approved these so-called "CAR-T" treatments for adults this month. In trials, 82 percent of cases responded well to the treatment, and 44 percent are still in remission at least eight months later, Locke said. [CHRIS URSO   |   Times]
  5. Regulator blasts Wells Fargo for deceptive auto insurance program

    Banking

    Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn't set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators.

    Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn't set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators.
[Photo by Spencer Platt/Getty Images, 2017]