FalconStor Software provides data protection and storage virtualization solutions. In 2012, the company has agreed to pay $5.8 US million as part as a federal investigation settlement, after it has admitted that its employees gave more than $300,000 in bribes to executives at JPMorgan Chase with restricted stock shares and golf memberships in exchange for contracts. On July 23, 2013, Falconstor announced that it had named Gary Quinn as the President and CEO. He is still currently the CEO.
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