News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The former chief executive officer of now defunct Hanover Corporation was sentenced this month to 14 years in prison.
Terry Kretz, 61, of Gallatin, Tennessee, was also ordered to pay $14.8 million in restitution for orchestrating an $18 million Ponzi scheme.… Continue Reading
Three lawmakers wanted on corruption and campaign finance offenses were arrested minutes before the South Korea National Assembly was called into an extra session at midnight Thursday that would have given them immunity from arrest.… Continue Reading
Former Virginia governor Bob McDonnell took the witness stand in his corruption trial in Richmond this week, building the defense that he couldn’t have been in a criminal conspiracy with his wife Maureen because their 38-year marriage was so bad they hardly talked to each other.… Continue Reading
The University of Notre Dame said last week it is investigating four football players among several students who may have committed academic fraud.
Athletic director Jack Swarbrick said the four players involved in the investigation are receiver DaVaris Daniels, cornerback KeiVarae Russell, defensive lineman Ishaq Williams, and linebacker Kendall Moore.… Continue Reading
Job Title: Ethics and Compliance Director
Employer: BP Group
Location: Singapore
Description
The Ethics and Compliance Director role is responsible for leading a team of E&C professionals to support their region, business and functions to appropriately assess ethics and compliance by providing advice, frameworks and tools.… Continue Reading
Bank of America is paying $16.65 billion to settle fraud claims by federal and state enforcement agencies and regulators that relate back to the financial crisis of 2008. It’s “the largest civil settlement with a single entity in American history,” the DOJ said Thursday.… Continue Reading
I wrote a post two years ago (here) describing some of the compliance complexities in giving mooncakes and mooncake coupons as part of China’s Mid-Autumn Festival, which falls on September 8 this year.… Continue Reading
Job Title: Ethics and Compliance Director
Employer: BP Group
Location: Singapore
Description
The Ethics and Compliance Director role is responsible for leading a team of E&C professionals to support their region, business and functions to appropriately assess ethics and compliance by providing advice, frameworks and tools.… Continue Reading
Two former owners and two employees of a Petaluma, California slaughterhouse were charged with selling the meat from diseased cattle that triggered an international recall of more than 8 million pounds of meat.… Continue Reading
Deutsche Bank AG has filed a lawsuit against its former employee Zhang Hongli, also known as Lee Zhang, for transferring $3.9 million to a bank account in Shenzhen.
According to the filing in a Hong Kong court, Deutsche Bank accused Zhang of transferring the money to the bank account of Harperskille Limited, an offshore company registered in Kowloon, Hong Kong.… Continue Reading
A former vice president of SNC-Lavalin wanted in Canada on bribery charges has agreed to a deal with Swiss prosecutors that could lead to his extradition.
Switzerland’s Attorney-General’s office said Monday that Riadh Ben Aissa signed a plea deal with prosecutors on August 4, the Globe and Mail reported.… Continue Reading
Zeng Xin, former chairman of Nanning Agricultural Industrial and Commercial Group Co., Ltd, has been expelled from the party and dismissed from office for taking bribes and abusing power. Zeng’s predecessor Song Futian, currently deputy head of the Agriculture Committee of Nanning’s People’s Congress, was also expelled for bribery.… Continue Reading