Skip to content

Editors

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

Socially Responsible Investing And The FCPA

The pro-business U.S. Chamber of Commerce is running a high-profile campaign to weaken the Foreign Corrupt Practices Act. But not everyone in the business world is happy about that.

Walden Asset Management — a division of Boston Trust & Investment Management Company — recently said IBM’s role in supporting the Chamber of Commerce is inconsistent with good corporate citizenship.… Continue Reading

J&J Joins New Top Ten

[Editor’s note: This list was updated here.]

Here’s the current top ten list for corporate defendants.* Johnson & Johnson today replaced ABB Ltd of Switzerland at number ten.

1. Siemens (Germany): $800 million in 2008.… Continue Reading

Hey, Tesler Belongs In Top Ten

We love the mailbag. Yesterday a reader said: “While the Tesler plea is a $149 million forfeiture, it seems to me that it should make your Top 10.”

Jeffrey Tesler, 61, former middleman to KBR and its TSKJ partners Snamprogetti, Technip, and JGC, pleaded guilty in federal court in Houston in March to conspiracy and violating the FCPA.… Continue Reading

Comverse Earns Lenient Settlement

New York-based Comverse Technology Inc. today settled Foreign Corrupt Practices Act violations with the DOJ and SEC for $2.8 million.

In its plea deal with the DOJ, the billing-services provider will pay a criminal penalty of $1.2 million.… Continue Reading

Japan’s JGC Makes Top Ten

With yesterday’s $218.8 million criminal fine, JGC joins the top ten FCPA cases of all time. Nine now involve non-U.S. companies, and the oldest — Siemens from December 2008 — is still the biggest.… Continue Reading

Stanley Sentencing Again Postponed

For the tenth time, Jack Stanley’s final sentencing has been delayed, this time until June 23.

Albert ‘Jack’ Stanley, 66, was KBR’s CEO when he presided over a $180 million bribery scheme in Nigeria to win work for KBR and three partners.… Continue Reading

JGC Resolves Criminal Charges

Japan-based construction firm JGC Corporation — the last of four partners who together paid $180 million in bribes to Nigerian officials — agreed today to a $218.8 million criminal penalty to resolve FCPA-related charges.… Continue Reading

FCPA Defendants Face Long Odds

In Los Angeles this week, the trial of Lindsey Manufacturing, Dr. Keith Lindsey, Steve K. Lee, and Angela Aguilar opened in federal court.

(On Friday, they lost their motion to dismiss the case when the judge ruled that officers of the Mexican electric utility CFE, who the defendants allegedly bribed, are foreign officials under the FCPA.)… Continue Reading

‘Questionable Guidance’ From Justice Secretary

Mixed messages: Kenneth Clarke, Lord Chancellor Secretary of State for JusticeBy Bill Waite

Richard Alderman, head of the U.K.’s Serious Fraud Office, told the Daily Telegraph on the day the new Guidance for the Bribery Act was issued last week, that the SFO will pursue U.K.-listed… Continue Reading