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
[…] banks by allowing him to secretly use a series of attorney-client, law office, and shell company accounts as conduits for his funds. Realtors. Two realtors helped Obiang buy and sell multi-million-dollar residences in California, and a real estate escrow agent facilitated his purchase of a $30 million property by handling millions of dollars wire […]
[…] 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.
[…] potential offenses, which it has reported to U.S. and other authorities, “could possibly have a material effect on our business.” Oracle Corp., which agreed last month to buy Sun for $7.4 billion, said it was aware of the potential anti-bribery violations. Sun’s Form 10-Q filed May 8, 2009 for the period ending March 29, […]
[…] 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 […]
[…] statement, “foreign companies that already hold or want to buy property in the UK will be forced to reveal who really owns them.” Foreign companies own around 100,000 properties in England and Wales. Over 44,000 of them are in London, the UK government said. Any foreign company that wants to buy UK property or […]
[…] after a four-week trial. The jury found him guilty of conspiring with Bout and others to violate the International Emergency Economic Powers Act (IEEPA) by trying to buy commercial airplanes from American companies in violation of U.S. sanctions. He was also found guilty of one count of money laundering conspiracy, one count of wire […]
The lawyer from Europe was quick to tell us what she thinks of the FCPA. “It’s really just a weapon against non-U.S. companies,” she said. “Very bad.”
The ex-wife of a former Chinese official was arrested Tuesday in Newcastle, Washington on charges that she and her former husband laundered money to buy property in Washington state and lied to obtain U.S. visas through the immigrant investor program.
[…] fuel to Army installations. He admitted offering bribes to a serviceman in exchange for false documents for fuel shipments that Army records show never happened. The phony delivery records allowed Sherzai’s company to receive payments and avoid costly penalties. Each no-show delivery would have resulted in a fine by the U.S. government of $75,000. […]