News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Electrical technology giant ABB Ltd of Switzerland reached a settlement Wednesday with the DOJ of criminal FCPA charges and will pay a fine $19 million. And in resolving civil charges with the SEC, the company will disgorge $22.8 million and pay a $16.5 million civil penalty.… Continue Reading
Dow Jones and others are reporting that the DOJ today charged two subsidiaries of ABB Ltd. with conspiracy and violating the FCPA.
A criminal information filed in federal court in Houston charges ABB Inc.… Continue Reading
Frederick Bourke, the government says, didn’t stumble into Viktor Kozeny’s conspiracy to violate the FCPA by accident, as Bourke contends. He either knew the deal was tainted by bribery and ignored the facts, or deliberately avoided learning the truth.… Continue Reading
Countries that want to send aid to poorer nations have a problem. Often, the poorer countries got that way because of corrupt governments. And sending money to corrupt governments won’t fight poverty.… Continue Reading
Ousama Naaman, Innospec’s agent who pleaded guilty in June to criminal FCPA and conspiracy charges, is scheduled to be sentenced in federal court in Washington, D.C. on December 19, 2010. He faces up to ten years in prison but hopes to serve his time in a Canadian jail.… Continue Reading
The rules are simple.
Write a post suitable for publishing on the FCPA Blog.
Keep it between 350 and 450 words. Include proper citations and links where needed.
The deadline to enter is midnight October 31.… Continue Reading
By Thomas Fox
The U.K. Ministry of Justice has released its “Consultation on guidance about commercial organisations preventing bribery (section 9 of the Bribery Act 2010).” As required by the Act, it provides guidance to “support businesses in determining the sorts of bribery prevention measures they can put in place.”… Continue Reading
Former KBR boss Albert “Jack” Stanley, who pleaded guilty in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud, will remain free on bail until at least January 19, 2011.… Continue Reading
On her way to be interviewed by her employer’s outside lawyers about alleged overseas corruption, Rose Carson, the government says, stopped by the ladies room and flushed some relevant documents down the toilet.… Continue Reading
The European Court of Justice said last week that communications between management and in-house attorneys aren’t protected from disclosure or discovery in investigations by the European Commission.
The appeal to the ECJ was brought by Akzo Nobel Chemicals and a subsidiary.… Continue Reading
Republicans didn’t always like the FCPA. In their Minority Comments from September 1977, House Republicans said they abhorred bribery abroad. But the only real way to fight it, they insisted, was through disclosure.… Continue Reading
Richard Bistrong, the key intermediary identified as “Individual 1” in the historic bribery indictment of 22 people from the military and police-equipment industry, pleaded guilty today in federal court in Washington, D.C.… Continue Reading