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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Some picks for the year’s hottest FCPA headlines are these:
#1: Drop in corporate enforcement actions. In 2010, 23 companies settled FCPA cases for $1.8 billion; in 2011, just 15 companies settled for $508.6 million.… Continue Reading
Here’s the current top ten list for corporate defendants.*
Magyar Telekom and Deutsche Telekom (part of one enforcement action) today replaced Johnson & Johnson, which joined the list in April this year.… Continue Reading
Magyar Telekom Plc of Hungary and its majority owner Deutsche Telekom AG of Germany will pay a combined $63.9 million criminal penalty to the DOJ to resolve Foreign Corrupt Practices Act charges.… Continue Reading
[Editor’s note: This post was updated here.]
Thom Weidlich of Bloomberg has just reported from federal court in Manhattan that the SEC has filed a civil suit againt Deutsche Telekom AG and its Magyar Telekom unit for FCPA offenses.… Continue Reading
In April this year, the final TSKJ partner, Japan’s JGC, paid $218.8 million in a plea deal with the DOJ. It was the biggest FCPA case in 2011 (so far) and landed sixth on our all-time top ten list.… Continue Reading
In a post occasioned by the twentieth anniversary of the Federal Sentencing Guidelines for Organizations, I described two very different approaches to promoting compliance programs that exist within the U.S. Department of Justice.… Continue Reading
Russia is so mired in corruption that nothing else there seems to matter.
It ranks 143 on the corruption perceptions index, tied with Nigeria and Uganda, among others.
It’s not just business that’s corrupt.… Continue Reading
How does the thirty-month prison term Ousama Naaman received last week compare with other FCPA sentences?
It’s near the middle.
Here are some shorter sentences:
In January this year, Antonio Perez received two years in prison in the Haiti Telco case.… Continue Reading
It’s fun to give toys, iPads, kitchen appliances, handbags, and boxes of chocolates.
Sometimes, though, giving isn’t about what’s wanted, but what’s needed.
To know (and say) what’s needed is our hope for the holidays and our goal for the year ahead.… Continue Reading
A defendant in the Africa sting case was acquitted after U.S. District Judge Richard J. Leon (left) on Thursday ruled there was insufficient evidence to sustain a conviction.
The judgment acquitting Stephen G.… Continue Reading
Innospec’s former agent who pleaded guilty last year to bribing Iraqi officials and violating the U.N.’s oil for food program was sentenced today to thirty months in federal prison and fined $250,000.… Continue Reading
Corruption may have led to the collapse last month of a 2,200-foot suspension bridge in East Kalimantan, Indonesia.
Farouk Arnaz of the Jakarta Globe said graft is ‘at play’ in the disaster.… Continue Reading