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
Some time ago, I wrote a post for the FCPA Blog stating that pandemic-related fraud was a ticking time bomb, and that global g overnments and financial institutions were perched uncomfortably atop this explosive device. Those of you who work in the counter-fraud/insolvency fields will no doubt have predicted these consequences too, but I […]
[…] link provided by the Olympic Games, the private resource budget has swelled for the Games overall from $1.46 billion in 2009 to $2.4 billion in 2013. The Olympic Delivery Authority states that the overall cost for the Games will exceed $13.25 billion, over $3 billion more than was estimated in the 2008 initial projections. Other […]
[…] In the civil settlement under the False Claims Act, Biocompatibles agreed to pay $25 million for billing government healthcare programs for LC Bead as an unapproved drug- delivery device. The federal share of the civil settlement was $23.6 million and the state Medicaid share of the civil settlement was $1.4 million. Biocompatibles had told […]
[…] for drug makers follows big problems for members of the industry in the United States, where they’ve paid billions in criminal fines and civil penalties. Here’s a quick rundown of their U.S. rap sheet: Abbott May 2012 Fined $1.5 billion for illegal promotion of the antipsychotic drug Depakote. Amgen December 2012 Paid $762 million […]
[…] play a more positive role. We’ll talk about that in the next post. ____________ Michael Ndichu Kuria is a contributing editor of the FCPA Blog. He’s a counter-fraud and counter-corruption consultant currently active in the East, Central and Horn of Africa regions. He conducts anti-bribery compliance reviews, forensic audits, fraud and misconduct investigations, integrity […]
[…] As a March 2004 “Preaward Survey” reported, IOTC’s “major strength is the backing of the Royal Family.” In effect, this backing gave IOTC a monopoly on the delivery of fuel through Jordan. Mr. Sargeant and IOTC appear to have taken full advantage of their ties to the Jordanian royal family. Under federal procurement law, […]
[…] But why do officials demand bribes? Some need the money to survive. Bureaucrats in Africa or South Asia may not earn enough from their government salaries to buy firewood, or food or medicine for their families. Underpaid government clerks are on the receiving end of most facilitation payments. At the next level are officials […]
[…] the FCPA means what it says, no matter what their U.S. lawyers to them. Others think a bloody battle will create leverage for a favorable settlement or buy time for friendly home-country politicians to somehow intervene. The bunker mentality didn’t work for Alstom. Has it ever worked in an FCPA case? Fifth, Alstom is […]
Steyr-Daimler-Puch 12.13S21 Rosenbauer Fire Truck (1987) (Image courtesy of The-Blueprints.com)Two former officials in Thailand were sentenced to long jail terms for inflating the price the government paid to buy fire trucks and boats from an Austrian company.
[…] accountability in the region’s extractive industries? This will be the subject next time. ____________ Michael Ndichu Kuria is a contributing editor of the FCPA Blog. He’s a counter-fraud and counter-corruption consultant currently active in the East, Central and Horn of Africa regions. He conducts anti-bribery compliance reviews, forensic audits, fraud and misconduct investigations, integrity […]