Walmart Stores Inc. said in its Form 10-Q filed with the SEC on June 6 that it cut FCPA investigations and compliance-related costs for the quarter ended April 30 by $20 million year-over-year.… Continue Reading
A truly “egg-gregious” case settled last week with guilty pleas by the company and two top officers.
The issue of whether a payment to a principal’s representative constituted a de facto secret commission was recently the subject of a UK High Court’s decision on an application to set aside an arbitration enforcement order.… Continue Reading
An Australian ringleader and his British co-conspirators have been found guilty of defrauding investors of more than $117 million in the UK’s biggest boiler-room prosecution, the Serious Fraud Office said.
Jeffrey Revell-Reade, 49, was convicted last week of leading a conspiracy that cheated more than 1,000 investors who were sold shares in companies that didn’t exist.… Continue Reading
Colombia’s Prosecutor General’s Office ordered the seizure last week of over 70 properties belonging to four current and two former Bogota council members accused of graft.… Continue Reading
A Kansas firearms distributor was indicted on federal charges of paying more than $1 million in bribes and kickbacks to two executives of the maker of Glock pistols, the FBI said.… Continue Reading