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
The Securities and Exchange Commission Wednesday charged husband-and-wife executives and their China-based company with FCPA books and records and internal controls violations in a non-bribery case. The couple allegedly overstated the company’s revenues and diverted proceeds from a securities offering for their personal use.… Continue Reading
Three out of four whistleblowers in the U.K. who raise concerns of wrongdoing at work with their managers have their claims ignored. They’re the lucky ones.
Fifteen percent of whistleblowers are eventually fired.… Continue Reading
Here are wise words from Tuesday’s post by Ellen Podgor on her White Collar Crime Prof Blog:
… Continue ReadingPolitics do not belong in the agencies of our government. Whether it be the DOJ, SEC, or IRS – it is important that when politics gets infused in discretionary decisions, someone immediately puts a stop to this happening.
Not too long ago we announced the new University of Richmond Research Guide, a free online tool for conducting anti-bribery research. And we’d now like to thank the many readers who have suggested valuable additions.… Continue Reading
After a brief end-of-the-semester hiatus we’re picking back up our series on Wal-Mart’s victims. And we’re less than half-way through.
I argued in Part VI that we should think of corruption as violating a human right. … Continue Reading
Las Vegas Sands Corp. said Friday that an internal investigation by its Audit Committee found ‘likely violations of the books and records and internal controls provisions of the FCPA.’ But after improvements, the company’s internal controls now have no ‘material weakness.’… Continue Reading
Last week, Iron Man 3 opened in China. It’s a huge hit there as it is in the U.S.
But according to Foreign Policy, the China version of the film is different than the one seen by U.S.… Continue Reading
Afra Raymond is an anti-corruption activist from Trinidad and Tobago.
The Caribbean country amassed huge wealth in the 1970s thanks to oil production, he says. But that brought rampant graft — two out of every three dollars earmarked for development has been wasted or stolen, he says.… Continue Reading
A federal appellate court Tuesday denied Frederic Bourke’s request to rehear an appeal of his 2009 FCPA conspiracy conviction.
Bourke has been ordered to begin serving his one-year prison sentence by Friday (May 10).… Continue Reading
Commodities giant Archer Daniels-Midland Company said this week it has reserved $25 million for a potential FCPA settlement with the DOJ and SEC.
The focus of its investigation that started in 2008 and just ended was the handling of grain and feed exports, ADM said.… Continue Reading
Modern compliance solutions are about actionable information. Like an in-vehicle GPS, they’re incomparably more powerful than a fold out map.
With GPS, you input a single data point — where you want to go — and the system gives you the information you need to know, exactly when you need to know it.… Continue Reading