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
KBR’s former CEO, Albert “Jack” Stanley, left, who presided over a $180 million oversees bribery scheme, won’t be sentenced until at least March 30.
Stanley pleaded guilty in federal court in Houston in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud.… Continue Reading
The Continental Center and KBR Tower (foreground) in downtown Houston. Photo by Blair McFarlainThe London lawyer accused by American authorities of helping KBR and its partners bribe Nigerian officials lost his battle against extradition yesterday.… Continue Reading
Britain is sending KBR’s one-time sales manager to the U.S. “within the next 10 days to stand trial over his alleged role in a huge international bribery scandal,” according to a story today in the Guardian newspaper by Rob Evans.… Continue Reading
Former KBR boss Albert “Jack” Stanley, who pleaded guilty in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud, will remain free on bail until at least January 19, 2011.… Continue Reading
Corporations can’t be jailed for violating the FCPA. Their main punishment is financial — criminal fines and, for issuers, civil penalties and disgorgement of profits.
Under the federal sentencing guidelines, corporate punishment depends in part on how much money was involved in the crime.… Continue Reading
Responding to our post The Billion Dollar Man, a reader sent this intriguing comment:
… Continue ReadingDear FCPA Blog,
There’s another important fact not mentioned in today’s post. In addition to the revenue generated from TSKJ (which is 3/4ths complete), there may be yet more to come.
Jack Stanley: The most important cooperating witness in FCPA history. There’s never been a cooperating witness in FCPA history quite like him. A former corporate top gun, a global player, a captain of industry who once led the dark side and now sits with the prosecution, helping nail industry giants and along the way putting more than a billion dollars — a billion dollars — into the U.S.… Continue Reading
Snamprogetti Netherlands B.V. and its parent company ENI S.p.A of Italy will pay $365 million to resolve FCPA-related charges for Snamprogetti’s role in the TSKJ-Nigeria joint venture.
Dutch-based Snamprogetti was charged by the DOJ in a criminal information with one count of conspiracy and one count of aiding and abetting violations of the FCPA.… Continue Reading
The first quarter of 2010 was the busiest ever for FCPA-related enforcement. This past quarter was one of the quietest for new enforcement actions, with just one from the DOJ and three from the SEC.… Continue Reading
Paris-based Technip S.A., an engineering and construction firm that’s part of the oil and gas services industry, has resolved FCPA-related charges with the DOJ. It agreed to pay a $240 million criminal penalty and enter into a deferred prosecution agreement.… Continue Reading
Albert Jack Stanley (Credit PBS’s Frontline)A federal judge in Houston last week postponed sentencing for Albert “Jack” Stanley until September 23, 2010. The former chairman and CEO of KBR pleaded guilty in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud.… Continue Reading
And Albert “Jack” Stanley’s sentencing was rescheduled until May 26, 2010.… Continue Reading
