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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The Auditorium at Tsinghua University (Image courtesy of Tsinghua University)The Chinese government has issued a new regulation banning officials and executives of state-owned enterprises (SOE) from taking MBA courses using public funds.… Continue Reading
The U.S. Marshals auctioned nine vintage muscle cars Friday that were seized from the former president and part owner of a medical lab who pleaded guilty in 2013 to bribing doctors to use the lab’s blood testing services.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday to help financial institutions detect and report suspicious activity that could be related to human smuggling or human trafficking.… Continue Reading
Minnesota-based Image Sensing Systems said the DOJ has “closed its inquiry” into potential Foreign Corrupt Practices Act violations and the SEC has also closed its investigation.
The company said last week the DOJ decision not to bring an enforcement action cited its “voluntary disclosure, thorough investigation, cooperation and voluntary enhancements to its compliance program.”… Continue Reading
Norm Champ, the director of the SEC’s division of investment management, was in New York City Thursday. He spoke to the Practising Law Institute’s annual hedge fund management seminar.
The 2010 Dodd-Frank Act directed the SEC to make rules “designed to enhance the oversight of private fund advisers, including registration of advisers to hedge funds, private equity funds, and other private funds that were previously exempt from SEC registration.” … Continue Reading
Wen Qingliang, former head of the Kunming Bureau of Railways in Yunnan Province, was sentenced to death with a two-year reprieve for taking bribes of over $3.2 million himself or along with his mistress Zhong Hua.… Continue Reading
China’s anti-graft authorities have launched investigations of 50 executives at state-owned FAW Group Corp, one of the country’s Big Four automakers and a partner of Volkswagen AG, sources said.
The latest target of prosecutors in Jilin province, where FAW is headquartered, is the group’s former deputy general manager An Dewu.… Continue Reading