Skip to content

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

China Corruption Blotter (February 28, 2014)

Ye Pingdong, former chairman of Tianji Real Estate Development (Shenzhen) Co Ltd, was charged with bribery amounting to $8.1 million. Ye had bribed Zhou Weisi, the former chief of Nanlian village in city of Shenzhen, and Fan Shengming, a director of Shenzhen Taidejian Industrial Co Ltd, to win contracts for housing demolition projects.… Continue Reading

Senate holds hearings to probe offshore tax evasion

Senator Carl Levin, D-MICredit Suisse agreed last Friday to pay $196.5 million and admit wrongdoing to settle charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.… Continue Reading

Top U.S. prosecutor, Mythili Raman, leaving Justice Department

Acting Assistant Attorney General Mythili Raman of the Department of Justice’s Criminal Division announced on Wednesday that she is leaving the agency, effective March 21, 2014.

Under her leadership for the past year, the Criminal Division charged or convicted more than a dozen individuals for FCPA-related violations, and secured three of the ten of the biggest corporate FCPA resolutions ever involving a unit of Alcoa, France’s Total SA, and Weatherford International.… Continue Reading

Prostitution crackdown in China’s ‘Sin City’ exposes graft

Image courtesy of CCTVAuthorities are clamping down on corrupt police officers offering protection to sex workers in southern China’s “sin city” of Dongguan.

The crackdown, triggered by an investigative report aired on China Central Television (CCTV), “may have been an orchestrated effort involving China’s central government, state media and Guangdong Communist Party chief Hu Chunhua, and could be a preview to a second round of anti-graft sweeps across the country.”… Continue Reading

Check-cashing schemers plead guilty to AML, Bank Secrecy Act violations

Three men pleaded guilty in federal court in New York City Monday for a check-cashing scheme designed to evade anti-money laundering reporting requirements.

Robert Petrosyants and his twin brother Zhan, both of Fort Lee, New Jersey, admitted to conspiring to violate the Bank Secrecy Act for filing false Currency Transaction Reports (CTRs) for cash transactions of more than $10,000.… Continue Reading

Deferred Prosecution Agreements in the UK: Worthy of their price?

After Monday, deferred prosecution agreements (DPAs) will be available to the UK Serious Fraud Office (SFO) in its fight of financial crimes, including corruption. 

The SFO has stated that, although DPAs will be “a welcome addition to the prosecutor’s toolkit…,” its “preferred option” remains prosecution. … Continue Reading