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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

Third guilty plea in broker-dealer case

The DOJ said Friday another broker from Direct Access Partners pleaded guilty to bribing foreign officials in Venezuela in exchange for bond trading work.

Jose Alejandro Hurtado pleaded guilty in New York federal court to six counts of conspiring to violate the Foreign Corrupt Practices Act, to violate the Travel Act, and to commit money laundering, as well as substantive counts of the offenses.… Continue Reading

Best anti-graft tool? Say cheeezzz

India anti-corruption crusader Kiran Bedi urges people to use their mobile phone cameras to capture those asking for bribes.

Bedi, left, said, ‘Use your mobile camera and click photographs if someone asks for bribe and pressurize him to deal with you fairly.’… Continue Reading

Two brokerage execs plead guilty for Venezuela bribes

Two executives of an SEC-register broker-dealer pleaded guilty Thursday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.

Ernesto Lujan, a former managing partner of Direct Access Partners, and Tomas Alberto Clarke Bethancourt (also known as Tomas Clarke), a former senior vice president, pleaded guilty to conspiracy, money laundering, and violating the Foreign Corrupt Practices Act.… Continue Reading

JP Morgan hiring ‘spreadsheet’ under DOJ scrutiny

A Bloomberg report said an internal spreadsheet that linked appointments to specific deals pursued by JP Morgan Chase is now part of an investigation into the bank‘s hiring practices.

‘The bank has opened an internal investigation that has flagged more than 200 hires for review, said two people with knowledge of the examination, results of which JPMorgan is sharing with regulators,’ Bloomberg said.… Continue Reading

Fallout from SKKMigas bribe case may spread

An official of the Singapore-based energy trading firm accused of bribing one of Indonesia’s top oil and gas regulators wants to name other companies involved in the graft.

Simon Gunawan Tanjaya, head of Kernel Oil’s Indonesia unit, was arrested after he allegedly delivered $700,000 in two payments to the chief of SKKMigas, Rudi Rubiandini.… Continue Reading

Job: Principal Counsel (Shanghai)

Job Title: Principal Counsel

Employer: Disney

Location: Shanghai, China

Job Scope

Providing training to Company employees regarding the Standards of Business Conduct, anti-harassment and anti-corruption. Providing advice and counsel regarding anti-corruption laws, the FCPA, applicable PRC law, and the Company’s Standards of Business Conduct.… Continue Reading

Big sweep in Sinograin corruption scandal

China Grain Reserves Corporation, also known as Sinograin, the state-owned grain storage enterprise that has long been enmeshed in corruption and embezzlement scandals, is the center of another corruption probe.

Chinese newspaper Outlook Weekly, owned by the Xinhua News Agency, reported recently that 110 Sinograin employees in Henan province have been investigated by local prosecutors for swindling the company out of 700 million yuan ($114.5 million) and taking bribes from grain retailers in exchange for awarding grain storage contracts.… Continue Reading

German raid on EADS joint venture

German police have raided the offices of a joint venture between EADS and ThyssenKrupp during an investigation of overseas corruption.

The joint venture — Atlas Elektronik — and Rheinmetall Defence Electronics are suspected of paying bribes in Greece in connection with the sale of submarine equipment, the state prosecutor’ office in Bremen said Saturday.… Continue Reading