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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Electrical technology giant ABB Ltd. of Switzerland reached a settlement with the DOJ today of criminal FCPA charges and will pay a fine $30,420,000. And in resolving civil charges with the SEC, the company will disgorge $22,804,262 and pay a $16,510,000 civil penalty.
Does ABB Have an Effective Compliance Program?
Ex-ABB Manager Arrested, Mexican Agent Pleads Guilty
ABB Is In The Pipeline
Dow Jones and others are reporting that the DOJ today charged two subsidiaries of ABB Ltd. with conspiracy to violate the FCPA.
Jury selection in the FCPA trial of John O’Shea is scheduled to start in Houston on October 25.
Instead of setting a new sentencing date every few months for Fernando Basurto, who’s expected to be a star witness against John O’Shea, formerly of ABB, Judge Lynn Hughes has taken a more practical approach.
The UK Serious Fraud Office said Friday it is investigating ABB Ltd’s United Kingdom subsidiaries, their officers, employees, and agents for suspected bribery and corruption.
Arrest In ABB Mexico Case