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 DOJ’s Yates Memo is nearly a year old. The anti-corruption and compliance communities are still wondering what impact it will have on individual responsibility for white collar crimes. That in turn has brought more interest about past prison sentences for FCPA offenses and what future defendants might expect when sentenced.… Continue Reading
Canada’s biggest engineering and construction firm is recovering more than $13 million, claiming it was a victim of alleged bribes paid to the son of former Libyan dictator Moammar Gadhafi.
The Wall Street Journal’s James Grimaldi and Margaret Coker reported that SNC-Lavalin’s recovery “has surprised many lawyers involved with stolen-asset recovery efforts, because the work has been focused on returning ill-gotten gains to the countries, not firms whose officials paid bribes.”… Continue Reading
The Bribery Act 2010 and Department of Justice guidance require businesses to have anti-bribery controls which reflect the risk they face in conducting business.
The OECD has just published an excellent analysis of the 427 enforcement actions undertaken by the signatories to the 1999 Anti-Bribery Convention which may help.… Continue Reading
The only U.S.-headquartered company now on the FCPA top ten list is KBR (and its former parent, Halliburton). It landed second after paying $579 million in 2009 to settle an enforcement action for its role in the so-called TSKJ Nigeria consortium.… Continue Reading
Oil field services giant Halliburton said this week its internal investigations into potential FCPA and conflict violations in Angola and Iraq are continuing, and the company is reporting all results to the DOJ and SEC.… Continue Reading
Two former executives of French engineering and construction giant Technip S.A. were handed light fines by a Paris court Wednesday for their role in the multi-million dollar bribery scheme to win contracts for development of the Bonny Island gas facility.… Continue Reading
In his 61-page ruling this week allowing the SEC’s suit against two former Noble executives to go forward, federal district judge Keith P. Ellison provided some excellent ‘guidance’ about the FCPA.… Continue Reading
Following the human stories of FCPA enforcement can be humbling for otherwise proud Americans.
This week, Albert “Jack” Stanley reported to federal prison for, inter alia, his role in paying $182 million in bribes to Nigerian officials.… Continue Reading
The man who once led one of the world’s most powerful engineering and construction companies until he was brought down by his own web of corruption will report to prison today to start serving his thirty-month sentence.… Continue Reading
Jack Stanley paid his former employer Kellogg, Brown & Root LLC $9.25 million last week as partial restitution for kickbacks he took when he ran the company.
He was sentenced on February 23 to 30 months in prison for conspiracy to violate the Foreign Corrupt Practices Act and commit mail and wire fraud.… Continue Reading
Last week in Houston the three KBR-related sentences ranged from 30 months in prison for Jack Stanley to just a year of unsupervised probation for Wojciech Chodan. Jeffrey Tesler was in the middle with 21 months in jail.… Continue Reading
The biggest FCPA enforcement action in history came to a close today with the sentencing of the mastermind behind the $182 million bribery scheme.
Albert ‘Jack’ Stanley, left, was ordered by Judge Keith B.… Continue Reading