[AVBook1] The American Trap (Chapter 1) By Frédéric Pierucci 《美国陷阱》- My Battle To Expose America's Secret Economic War Against The Rest of The World.

[AVBook1] The American Trap (Chapter 1) By Frédéric Pierucci 《美国陷阱》- My Battle To Expose America's Secret Economic War Against The Rest of The World.

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In 2014, France lost part of the control of its nuclear power plants to the United States. Frédéric Pierucci, former senior executive of one of Alstom's power company subsidiaries, found himself at the heart of this state scandal. His story goes to the very core of how he plotted the key features of the secret economic war that the United States is waging in Europe. And after being silenced for a long time, he has decided, with the help of journalist Matthieu Aron, to reveal all.

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...

Some of the quotes in the book:
“The United States believes it has the right to prosecute any company that has concluded a contract in US dollars, or even if emails – considered as international trade instruments – have simply been exchanged, stored (or transited) via servers based in the United States (such as Gmail or Hotmail). With this law, the Americans have succeeded in pulling off a neat sleight of hand. They have transformed a law that could have weakened their own industry into a formidable instrument of underground economic warfare and intervention.” - Frédéric Pierucci, The American Trap

“Such companies are then given the opportunity to sign a DPA (Deferred Prosecution Agreement). To do this, the company must agree to incriminate itself by disclosing the entirety of its practices, and if necessary, by denouncing its own staff. It must also commit to setting up an internal anti-corruption mechanism and accept the presence of a monitor, i.e. a controller who reports to the DOJ for a period of three years.” - Frédéric Pierucci, The American Trap

“In 90 per cent of cases, the accused prefer to forgo a trial. The reason is simple: the defendants must bear the full exorbitant cost of a defence, and only the wealthiest can afford the services of a lawyer.”
- Frédéric Pierucci, The American Trap

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