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
A Vietnamese official who took bribes from a Japanese company promoting road-building projects was sentenced to life in prison Monday, according to an AP report.
Huynh Ngoc Sy, 57, was found guilty of accepting $262,000 from Pacific Consultants International, or PCI.… Continue Reading
There were three more arrests last week in the corruption investigation of Securency International Pty Ltd, the polymer banknote maker half owned by the Reserve Bank of Australia.
The U.K.’s Serious Fraud Office said a sixty-three year old British man, and a British couple who are residents of Spain, were arrested in London.… Continue Reading
The Wall Street Journal is reporting that Swiss logistics giant Panalpina and its customer Shell are close to settlement of FCPA charges with the DOJ and SEC. The paper said Panalpina may pay about $85 million in penalties and Shell about $30 million.… Continue Reading
We had a vision this week. It was of two people, joined together as one flesh, standing before a federal judge. Actually, there were six people, three couples in all, to wit:
A Mexican man indicted in September with his wife for alleged bribery and money laundering involving officials at the Mexican state-owned electric utility, Comisión Federal de Electridad (CFE), is still at large, while his wife is being held by American authorities.… Continue Reading
Even if FCPA defendants win acquittals on nine out of ten counts, but lose just one, the single conviction can support a forfeiture order. While their lawyer is celebrating victory, the defendants can be stripped of everything they own — cash, houses, cars, pension assets, art, jewelry, timeshares, boats, you name it.… Continue Reading
The DOJ is appealing the six-month prison sentences imposed in August on Gerald Green and his wife Patricia.
The government wanted them to serve at least ten years in prison. Their six-month sentences are among the most lenient in recent FCPA cases.… Continue Reading
Banks in Britain accepted deposits from corrupt Nigerian politicians between 1999 and 2005 that included bribe money, and continued the practice even after regulators issued specific warnings, according to a report released Monday by NGO Global Witness.… Continue Reading
Schlumberger, the Wall Street Journal reported last week, hired Zonic Invest Ltd., a consulting firm run by the nephew of Yemeni President Ali Abdullah Salehto, and agreed to pay a $500,000 signing bonus, plus other compensation.… Continue Reading
The DOJ is investigating potential bribery in Yemen by oil field services giant Schlumberger Ltd., according to a report today by Dionne Searcey of the Wall Street Journal.
The investigation focuses on payments to a consulting firm with ties to Yemen’s government when Schlumberger needed approval to create an oil-exploration databank there.… Continue Reading
The long-simmering Securency scandal erupted this week, with arrests in the U.K., and searches of houses and businesses in England, Spain, and Australia.
The U.K.’s Serious Fraud Office said Wednesday 80 members of its office, plus officers in Surrey, Hampshire, Thames Valley, Cumbria, and the Metropolitan police services executed search warrants at eight residences and a business in the UK.… Continue Reading
In an SEC filing this week, global real estate services firm CB Richard Ellis (CBRE) disclosed possible FCPA violations in China.
It said payments by employees for entertainment and gifts to Chinese government officials were discovered during an internal investigation.… Continue Reading