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
The Justice Department on Monday described BAE’s $400 million FCPA-related settlement as one of the biggest ever. Here, by our reckoning, are the other big payouts: Siemens’ $800 million resolution with the DOJ and SEC in December 2008 is the most expensive so far. Kellogg Brown & Root and Halliburton settled their case last year […]
During the third quarter, we counted Foreign Corrupt Practices Act enforcement actions involving nine individuals and five corporations. Among the developments: Three FCPA-related trials were completed, all ending badly for the defendants (Bourke, Jefferson and Green). For the first time, the SEC asserted control-person liability in an FCPA case (Faggioli and Huff). And the Justice […]
Will drug makers be the target of the next industry-wide Foreign Corrupt Practices Act investigation, following in the footsteps of the oil and gas services companies and orthopedic device makers? It’s possible. Their sales practices are in the news a lot these days. And amid the healthcare debate, drug-company behavior anywhere invites attention in Washington […]
In Canada, Prime Minister Justin Trudeau and his federal Liberal government have been ensnared in a now long-running scandal arising from much publicized allegations that the government, including the Prime Minister himself, improperly attempted to interfere in the ongoing criminal case against SNC-Lavalin, an engineering company based in Quebec — where Liberal support is conveniently the strongest.
An investment fund that owns about 5% of Panalpina World Transport (Holding) Ltd. filed a federal civil suit last month in Texas against the company, some current and former officers and directors, and its owner before its 2005 IPO in Switzerland. The complaint seeks to recover damages caused by the logistics company’s withdrawal from Nigeria […]
Most of us, if we have any sense at all, harbor some healthy distrust of the world’s biggest companies. For good reason we fear the concentrated power of giant corporations. What, after all, is one person compared to the overwhelming might of Facebook, Walmart, or Exxon?
Chicago-based spirits maker Beam Suntory Inc. agreed Monday to pay more than $8 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.
The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA).
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. supplier of overcharging for raw materials during a 15-year period, and using some […]
The news earlier this month that Google was to follow Facebook and ban all ads for cryptocurrencies wasn’t entirely unexpected. However, it did say much about the way such innovative technology is being misused.