Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Juan Diaz, a Miami businessman at the center of the Haiti telco bribery case, was sentenced Friday to 57 months in prison. He pleaded guilty in May 2009 to a one-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and money laundering.… Continue Reading
It’s been awhile since we thanked those responsible for keeping the FCPA Blog running. To say we’re grateful is an understatement.
We’re overwhelmed that so many are willing to pitch in.… Continue Reading
It’s not hard to find reasons why the DOJ and SEC would rather prosecute corporations instead of individuals.
Here are a few:
… Continue ReadingCorporations can’t defend themselves. They’re strictly liable under respondeat superior for crimes committed by employees in the scope of their jobs.
General Electric Company, whose compliance program is among the most respected and admired in the world, has settled civil violations of the Foreign Corrupt Practices Act with the Securities and Exchange Commission.… Continue Reading
The debate about medical ghosting has focused on the U.S. market. But could the DOJ and SEC now be looking at the practice overseas, where it might violate the FCPA?
Main Justice reported that in April, the DOJ and SEC sent letters to AstraZeneca PLC, Baxter International Inc.,… Continue Reading
Judge Denny ChinThe prosecution of James Giffen for violating the FCPA is a ghostlike case. As David Glovin of Bloomberg wrote earlier this month: “Oil consultant Jim Giffen was told by a U.S.… Continue Reading
Photo courtesy of World Vision CanadaThe Justice Department has published its second FCPA Opinion Procedure Release of 2010.
The Requestor in Release 10-02 is a U.S. non-governmental organization and a “domestic concern” under the FCPA.… Continue Reading
This week’s news that the newly elected U.K. government cracked under pressure from the business lobby and delayed implementing the Bribery Act until April 2011 was a setback for lots of reasons.… Continue Reading
So
mething big, very big, is happening in FCPA enforcement. The top ten FCPA settlements of all time involve penalties of $2.8 billion. The top six happened in just the past 20 months and account for 95% of that, or $2.67 billion.… Continue Reading
Here are the top ten FCPA settlements of all time. If our math is right, the financial penalties (criminal fines, civil disgorgement, and prejudgment interest) add up to $2.8 billion, with almost 50% of that coming from the top two settlements.… Continue Reading
Two parts of the Financial Reform Bill passed last week by the Senate and which the President has said he’ll sign concern us. The first is the whistleblower bounty for securities-law recoveries, including FCPA-related settlements, that exceed $1 million.… Continue Reading
Responding to our post The Billion Dollar Man, a reader sent this intriguing comment:
… Continue ReadingDear FCPA Blog,
There’s another important fact not mentioned in today’s post. In addition to the revenue generated from TSKJ (which is 3/4ths complete), there may be yet more to come.
