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
A U.S. Navy lieutenant commander was sentenced to 30 months in prison Thursday for taking cash, luxury hotel stays, and prostitutes from a foreign defense contractor in exchange for classified Navy information.… Continue Reading
Medical device maker Zimmer Biomet Holdings Inc. agreed Thursday to pay $30.5 million to resolve DOJ and SEC investigations into the company’s “repeat” violations of the Foreign Corrupt Practices Act.
Under a deferred prosecution agreement (pdf) with the DOJ, Zimmer Biomet will pay a criminal fine of $17.46 million and retain an independent compliance monitor for three years.… Continue Reading
The volunteer researcher who compiles the FCPA Blog’s Corporate Investigations List has again tabulated all of the countries mentioned or reported in connection with the 81 companies included on the latest list.… Continue Reading
There’s no doubt that the growing commercialization of Artificial Intelligence will continue in 2017. Much of that commercialization effort will be focused around robotics, cars, and consumer side applications. However, 2017 should also start to see real growth of applications for AI in enterprises as well.… Continue Reading
Dutch prosecutor Miranda van Turennout will deliver the keynote speech at GIR Live in Washington, DC on February 16.
Turennout, a senior prosecutor at the Dutch Public Prosecutor’s Office (OM), is currently leading a Dutch investigation into allegations that Swedish telecoms company Telia paid bribes to Uzbek officials for access to the country’s telecoms market.… Continue Reading
Volkswagen AG agreed Wednesday to plead guilty to three felony counts and pay a $2.8 billion criminal penalty for selling 590,000 diesel vehicles in the United States by cheating on federal and state emissions tests and lying to regulators.… Continue Reading
In the fall of 2013, the FCPA Blog published my series Cameo Corruption, which focused on the potential use of film roles as something “of value” that could be improperly offered to influence foreign officials.… Continue Reading
It’s been about a year since the Iran deal, more formally known as the Joint Comprehensive Plan of Action or JCPOA, came into effect. What has that year looked like?… Continue Reading
The brother and nephew of former United Nations Secretary-General Ban Ki-moon were charged Tuesday with FCPA and other offenses in connection with the planned $800 million sale of Vietnam’s tallest building.… Continue Reading
Two executives from U.S.-based energy companies pleaded guilty Tuesday to foreign bribery charges involving payments to officials at Venezuela’s state oil company, Petroleos de Venezuela S.A. (PDVSA).
Juan Jose Hernandez Comerma (Hernandez), 51, of Weston, Florida, pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act and one count of violating the FCPA.… Continue Reading
The Securities and Exchange Commission Friday awarded more than $5.5 million to a whistleblower who provided critical information that helped uncover and stop an ongoing scheme.
According to the SEC’s order of award (pdf), the whistleblower worked at the company involved in the wrongdoing and reported the information directly to the SEC.… Continue Reading
President Elect Trump’s pick to lead the SEC is Jay Clayton. He wrote in a 2011 NYC Bar Association paper about the FCPA. The paper addressed the “lasting harm to the competitiveness of U.S.… Continue Reading