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
Beauty-products giant Avon said Monday it has launched an internal investigation into possible Foreign Corrupt Practices Act violations in China. The investigation may be linked to the payment of improper promotional expenses.… Continue Reading
The U.K.’s failure to prosecute its multinationals for overseas bribery, while other European countries and the U.S. are stepping up enforcement, threatens the integrity of the international anti-bribery effort. That’s what a fed-up OECD Working Group on Bribery says in its just-released report.… Continue Reading
Legal loopholes, the conventional wisdom goes, expand over time, until there’s more hole than donut. But is that true of the Foreign Corrupt Practices Act? Have its three Congressionally created loopholes — two affirmative defenses and one exception — gotten bigger over time?… Continue Reading
Eighty percent of U.S. companies have now banned facilitating payments entirely, and nearly four in ten small U.S. companies have walked away from business in countries where the perceived risk of non-compliance was too high.… Continue Reading
Nine out of 10 visitors to this blog (according to feedburner.com) view our posts through a reader such as Google Feedfetcher or an aggregator. That means most visitors normally don’t see comments (or the buttons and other information to the right).… Continue Reading
Some weekend. We should’ve expected it since the calendar says mid-October. That always means one thing, or maybe two. The sky is falling on Wall Street . . . and the American League Championship Series is in full swing, literally.… Continue Reading
Responding to our post, Case Closed For Kay And Murphy, reader Jon May has asked a great question: Isn’t there a danger that the grease exception will lull businesses into the very conduct that is proscribed by Kay?… Continue Reading
“Cash crunch could result in more corruption cases,” says a headline in the current Financial Week (available here.) In the article, Steven Tyrrell, the head of the Justice Department’s fraud section, says the credit crisis may produce a crop of additional Foreign Corrupt Practices Act cases.… Continue Reading
The U.S. Supreme Court will not review the Fifth Circuit’s decisions in U.S. v. Kay, the Justices said yesterday. The Foreign Corrupt Practices Act convictions of David Kay and Douglas Murphy cannot be further appealed and the two must now serve their prison sentences — 37 months for Kay and 63 months for Murphy.… Continue Reading
Last week’s superseding indictment of movie producers Gerald and Patricia Green includes new allegations that Mrs. Green filed two false tax returns. The government says she signed returns in 2005 and 2006 that included deductions for “commissions” which she knew were “bribes to a foreign official for obtaining and retaining business.”… Continue Reading
A reader just sent along the following release from the DOJ:
Issued on Friday, October 3 at 11:05 a.m. PDT
Acting Assistant Attorney General Matt Friedrich of the Criminal Division and United States Attorney Thomas P.… Continue Reading
A member of a Spokane, Washington–based diploma mill syndicate who bribed foreign officials to obtain accreditation of phony schools escaped prison in return for his cooperation with prosecutors.
According to reports, Richard John Novak, 58, who pleaded guilty in 2006 to one count of violating the Foreign Corrupt Practices Act and another count of conspiring to violate the FCPA and commit wire and mail fraud, was placed on three years probation and ordered to perform 300 hours of community service.… Continue Reading
