What’s Being Lost?
Richard L. Cassin
April 7, 2009
No one blames the New York Times Company. If the only way it can save its flagship New York Times is to shut down the Boston Globe, then the owner’s choice is easy.… Continue Reading
Editors
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
GE Resolves FCPA-Related Private Claims
Richard L. Cassin
April 6, 2009
General Electric and its former in-house counsel, Adriana Koeck, who claimed she was fired for telling her superiors about the company’s possible Foreign Corrupt Practices Act violations in Brazil, have settled their litigation.… Continue Reading
On The Side Of Justice . . .
Richard L. Cassin
April 3, 2009
Great words from Ellen Podgor at the White Collar Crime Prof Blog (here). They’re about Attorney General Eric Holder’s decision this week to drop the prosecution of former Senator Ted Stevens: This dismissal is monumental in terms of sending a message that this justice department will be very different.… Continue Reading
Gerald Green Faces New Charge
Richard L. Cassin
April 2, 2009
Federal prosecutors once again expanded the indictment against the Hollywood couple accused of bribing a Thai official in exchange for contracts to stage the Bangkok Film Festival. The second superseding indictment filed on March 11 added a charge of obstruction of justice against Gerald Green.… Continue Reading
Enforcement Report For Q1 ’09
Richard L. Cassin
April 1, 2009
We count seven Foreign Corrupt Practices Act enforcement actions since the start of the year, including indictments, pleas and settlements, along with one newly disclosed investigation. Four of the enforcement actions involve individuals, and four relate to KBR.… Continue Reading
Kleptocrats In Court
Richard L. Cassin
March 31, 2009
The United States fights foreign kleptocrats through Proclamation 7750, by denying them and their families U.S. visas. And through Section 314(a) of the Patriot Act, which it can use to reach out to more than 25,000 financial institutions to find accounts and transactions of anyone who may be involved in laundering kleptocratic assets.… Continue Reading
KBR: Nigerians Tell Their Own Story
Richard L. Cassin
March 30, 2009
A new Nigeria-based publication called Next has just posted an article (here) naming some of the officials who took bribes from KBR and its TSKJ joint venture for the $6 billion Bonny Island LNG development project.… Continue Reading
Proclamation 7750 Unwrapped
Richard L. Cassin
March 27, 2009
Last week, while we were looking into ways the U.S. fights foreign kleptocrats, we heard about Presidential Proclamation 7750. It was issued in 2004 and, by 2006, a high State Department official was calling it a “key tool” in America’s anti-corruption arsenal.… Continue Reading
First Look: The U.K.’s Draft Antibribery Law
Richard L. Cassin
March 26, 2009
Britain’s Justice Secretary, Jack Straw, unveiled a draft bill on March 25 that will completely overhaul the country’s antibribery laws. He called the old laws anachronistic, inconsistent, unclear, and difficult for the public to understand and for prosecutors and the courts to apply.… Continue Reading
Voices From Africa
Richard L. Cassin
March 24, 2009
Marc Ona Essangui is from Gabon — a West African country with lots of oil, about a million and a half people, and just two presidents since independence from France in 1960.… Continue Reading
Unfinished Business
Richard L. Cassin
March 23, 2009
We don’t know how many of the 50 or so disclosed and pending Foreign Corrupt Practices Act investigations will be resolved this year. But here are some we’re watching:
Alcoa. In February 2008, government-owned Aluminum Bahrain BSC (Alba) accused its long-time U.S.… Continue Reading
Bourke’s Defense Is Revealed, Then Sealed
Richard L. Cassin
March 23, 2009
Bloomberg’s David Glovin filed a story Friday (here) reporting that Frederic Bourke will argue that he didn’t violate the Foreign Corrupt Practices Act because there were no corrupt payments to foreign officials.… Continue Reading