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
[…] Japan, two from Singapore, and two from South Korea. Of those actions, the five biggest are: Keppel Offshore & Marine Ltd. (Singapore)– $422 million in 2017 Panasonic Corporation and Panasonic Avionics Corporation (Japan) — $280.6 million in 2018 JGC Corporation (Japan) — $218.8 million 2011 Marubeni Corporation (Japan) $88 million in 2014, and Samsung […]
[…] and tax laws. Parker agreed to pay $15.9 million when it pleaded guilty to a one-count information charging it with violating the FCPA’s anti-bribery provisions. Ralph Lauren Corporation agreed in a DOJ and SEC settlement (April 22) to pay $1.6 million in combined penalties in exchange for unprecedented dual non-prosecution agreements. The company admitted […]
[…] implemented. The DOJ, for example, considers nine factors for indictment over the course of an anti-bribery investigation — only one of which considers the existence and effectiveness of the corporation’s pre-existing compliance program. Significantly, this means that under the FCPA, a corporation can still be held criminally and civilly liable for actions by an unknown employee […]
[…] its Oil for Food transactions failed properly to record the true nature of the company’s payments to third parties.” Other Oil-For-Food prosecutions have been resolved against El Paso Corporation and Oscar Wyatt, Jr., Textron, York International and Ingersoll-Rand Co., Ltd. Chevron Corporation trades on the New York Stock Exchange under the symbol CVX. View […]
Nothing has increased the impact of the Foreign Corrupt Practices Act on corporations more than respondeat superior. That’s the legal doctrine by which companies are vicariously liable for crimes committed by employees acting within the scope of their employment–that is, within their actual or apparent authority and on behalf of the corporation. It has […]
[…] Exchange Commission. This story, however, is told by an industry insider who’s also an alleged victim. ____________________ COME NOW the Plaintiffs, Jack J. Grynberg (“Grynberg”), Grynberg Production Corporation, a Texas corporation (“GPC Texas”), Grynberg Production Corporation, a Colorado corporation (“GPC Colorado”) and Pricaspian Development Corporation, a Texas corporation (“PDC”), collectively, the “Grynberg Plaintiffs,” through […]
Image courtesy of SikorskyThe Justice Department said today that it has intervened in a case against defendants Sikorsky Aircraft Corporation and two of its subsidiaries, Sikorsky Support Services Inc. and Derco Aerospace Inc., for violating the False Claims Act.
News Corporation Chairman Rupert MurdochThe U.K.’s Crown Prosecution Service said Tuesday that former News Corporation bosses Andy Coulson and Rebekah Brooks will be charged with bribing public officials.
Job Title: Senior Risk Officer Location: Washington, D.C. Company: International Finance Corporation (IFC) Background / General Description International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances […]
Image courtesy of BrukerThe Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company’s products.