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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

Qualcomm finds evidence in China investigation

San Diego-based Qualcomm said this week it has discovered ‘instances in which special hiring consideration, gifts or other benefits . . . were provided to several individuals associated with Chinese state-owned companies or agencies.’… Continue Reading

SEC declination for Wynn

Here’s a disclosure by Wynn Resorts from its Form 8-K filed with the SEC earlier this month:

On February 13, 2012, Wynn Resorts, Limited (the “Company”) filed a Report on Form 8-K disclosing that it had received a letter from the Salt Lake Regional Office (the “Office”) of the Securities and Exchange Commission (the “SEC”) advising the Company that the Office had commenced an informal inquiry with respect to certain matters, including a donation by Wynn Macau, Limited, an affiliate of the Company, to the University of Macau Development Foundation.

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China Corruption Blotter (July 26, 2013)

Li Daqiu, vice chairman of the Guangxi provincial Political Consultative Conference, is under investigation for violations of party discipline. Authorities have not disclosed details of Li’s wrongdoings but local media reports quote sources close to Li as saying that Li’s relatives have reaped huge benefits from local mining and infrastructure industries.… Continue Reading

U.S. thinks graft is bad, sometimes

America’s security apparatus has mixed views on corruption. While program officers at USAID and the State Department Bureau of Narcotics and Law Enforcement sponsor programs abroad to fight corruption, Cabinet officials and parts of the Pentagon and intelligence community often turn a blind eye, supporting “their” corrupt politicians, or funding programs in such a way that the procurement process itself leads to corruption.… Continue Reading

New disclosure from Stryker

Here’s the FCPA disclosure from medical device-maker Stryker Corporation’s Form 10-Q filed with the SEC on July 23:

In 2010 we received a subpoena from the United States Department of Justice (DOJ) related to the sales and marketing of the OtisKnee device.

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Job: Compliance, PWM Surveillance, Analyst/Associate

Job Title: Compliance, PWM Surveillance, Analyst/Associate

Employer: Goldman Sachs

Location: New York, NY

Job Scope: The Private Wealth Management (PWM) Compliance Surveillance Business Analyst will be a critical participant in the continued enhancement of an optimized global surveillance program. … Continue Reading

Pharma’s China crack up

The headlines from Tuesday’s ethiXbase Monitor, a daily email of global corruption and compliance news, tell the story.

Here are the first four items:

China: Glaxo Executive Says Changes in China to Cut Drug Prices
Published on Jul 24, 2013 03:00 am
GlaxoSmithKline Plc (GSK)’s head of emerging markets said after meeting with government officials in Beijing some employees may have broken China’s laws and pledged corporate changes that will deliver cheaper medicines.

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