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
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
The head of Shaanxi’s Provincial Work Safety Administration who was photographed last year smiling at the scene of a highway crash that left 36 people dead has pleaded guilty to corruption.… Continue Reading
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
Zhu Fulin, the former vice mayor of Zhejiang’s Jinhua city has been put on trial for taking bribes worth $2.58 million from real estate developers in exchange for awarding land deals.… Continue Reading
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
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
[Editor’s Note: This post comes from a reader who asked not to be named. We’re very grateful for his generosity — rlc]
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The recent arrest of Peter Humphrey in China should be thought provoking to corporate compliance departments everywhere.… Continue Reading
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
Zhenli Ye Gon had become by early 2007 ‘the largest all-cash, up-front gambler the Venetian-Palazzo had ever had.’As part of a plea deal this week, the Las Vegas Sands paid $47.4 million to the U.S.… Continue Reading
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
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 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
