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
Ernst & Young just issued its 13th Global Fraud Survey. It shows regulators aggressively pursuing financial fraud and bribery cases, and expressing increasing concern over cyber risks.
EY highlights how multiple agencies in the U.S.… Continue Reading
The co-founder of government contracting companies that did business with the Navy Military Sealift Command was sentenced Friday for bribery and conspiracy.
Dwayne A. Hardman received 96 months in prison and was ordered to forfeit $144,000, the Justice Department said.… Continue Reading
Two former executives of Delaware-based Innospec were found guilty Wednesday in London of bribing Indonesian officials to buy the company’s gasoline additive.
Dennis Kerrison, a former Innospec chief executive, and Miltiades Papachristos, a former regional sales director, were convicted by a jury at the Southwark Crown Court of conspiracy and bribery.… 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
Qatar’s World Cup 2022 organizing committee denied allegations that it bribed FIFA officials to win the right to host the world’s biggest single sporting event.
The committee said in a statement Sunday that it “always upheld the highest standards of ethics and integrity in its successful bid.”… Continue Reading
Minnesota-based Medtronic Inc. will pay $9.9 million to resolve allegations under the False Claims Act that it paid kickbacks to doctors to implant its pacemakers and defibrillators, the DOJ said Wednesday. … Continue Reading
A federal appeals court Friday affirmed the DOJ’s expansive view of a “foreign official” under the FCPA, upholding Joel Esquenazi and Carlos Rodriguez’s convictions, and keeping intact the longest prison sentence ever imposed in an FCPA case.… Continue Reading
A China national used a web of overseas front companies and U.S. financial institutions to sell nuclear-weapons-related items to Iran in violation of trade sanctions, the DOJ said Tuesday.
“As alleged, Li Fangwei has used subterfuge and deceit to continue to evade U.S.… Continue Reading
The European Parliament passed a new law on April 15 to force about 6,000 EU companies to disclose information about environmental compliance, human rights, bribery and corruption.
EU member states now have two years to implement the reform in their national legislation.… Continue Reading
A Colombian national pleaded guilty to a money laundering conspiracy charge in federal court in Orlando, Florida on Monday, federal prosecutors said.
By pleading guilty, Luis Alberto Marulanda-Cardona, 54, avoided extradition to Italy to face charges there.… Continue Reading
A DOJ and IRS sting resulted in the arrests of two Caribbean-based bankers — an American and a Canadian — and their Canadian lawyer for conspiracy to launder money and hide the identities and assets of U.S.… Continue Reading
Head office of Marubeni in Chiyoda-Ku, Tokyo, Japan (courtesy of Wikipedia)Japan’s Marubeni Corporation pleaded guilty Wednesday to eight FCPA charges, admitting it bribed Indonesian officials to win an electricity contract for itself and a partner, Alstom SA.… Continue Reading
