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
Sam Rubenfeld of the Wall Street Journal reported this week that a defendant in the Haiti telco prosecution had his sentence reduced because of his help to prosecutors.
Robert Antoine, the former international affairs director of Haiti’s state-owned telecommunications company, originally received four years in prison after he pleaded guilty to money laundering.… Continue Reading
A reader said:
‘It’s amazing to me that Wal-Mart stock is at a 12 year high…. I’m not sure what that means, bigger picture, but I’d love to hear some commentary.’… Continue Reading
ethiXbase is the world’s largest database of anti-corruption legislation, gift-giving regulations, and enforcement actions. Instant access is available on a 14-day free trial basis. No credit card information is required to set up the free trial.… Continue Reading
The recent reporting about Wal-Mart’s alleged misadventures in Mexico elicited some really wonderful commentary from a number of new sources. My two favorites came from The New Yorker and The Atlantic.… Continue Reading
The former director of worldwide sales for Control Components Inc., Paul Cosgrove, pleaded guilty on Tuesday to violating the Foreign Corrupt Practices Act.
Cosgrove, 65, of Laguna Niguel, California, entered his plea to a one-count superseding information charging him with making a corrupt payment to a foreign government official in China in violation of the FCPA.… Continue Reading
There’s a reason why you don’t see many of the biggest U.S.-based government contractors on the FCPA top ten list (e.g., Lockheed, General Dynamics, Raytheon, Northrup, Boeing, etc.). Not that they didn’t struggle with compliance during the early years of enforcement, but they moved quickly to update their compliance and ethics programs once they saw the tide of FCPA enforcement turning.… Continue Reading
As reported previously, in February 2011, China enacted an amendment to its Criminal Law that criminalized paying bribes to non-Chinese government officials and officials of international organizations (“the Amendment”).
The Amendment, which took effect in May 2011, reads:
… Continue ReadingWhoever, for the purpose of seeking illegitimate commercial benefit, gives property to any foreign public official or official of an international public organization, shall be punished in accordance with the provisions of the preceding paragraph [i.e.,
Nearly half of Vietnam’s companies said they have had to bribe officials in order to do business, according to a survey released last month by the Vietnam Chamber of Commerce and Industry.… Continue Reading
From the China Compliance Digest (Issue No. 16: May 21, 2012):
A 14 May editorial in the Beijing-based publication Study Times sparked passionate debate over China’s loophole-ridden financial disclosure system for public officials.… Continue Reading
The DOJ on Friday (May 25) filed a motion in the U.S. Court of Appeals for the Ninth Circuit to voluntarily dismiss its appeal in the FCPA case against Lindsey Manufacturing Company, its CEO Keith Lindsey, and CFO Steve Lee.… Continue Reading
Monday is Memorial Day. Originally called Decoration Day, it’s a day of remembrance for those who have died in our nation’s service.
According to usmemorialday.org, it probably had many separate beginnings — spontaneous gathering of people to honor the Civil War dead in the 1860’s.… Continue Reading
Chris Matthews of the Wall Street Journal reported today that Paul Cosgrove will appear in federal court Tuesday and plead guilty to charges stemming from a global bribery scheme at Control Components Inc.… Continue Reading