One luxury item is showing up more often in alleged graft-related asset seizures: wrist watches, especially the high-end variety with eye-watering price tags.… Continue Reading
Tackling demand-side bribery, as the proposed Foreign Extortion Prevention Act aims to do, is complex. On the supply side, we know in most cases why business people pay bribes. In the words of the FCPA, it’s to obtain or retain business or secure an improper advantage.… Continue Reading
Venezuela’s former national treasurer was sentenced to ten years in prison Tuesday for his role in a plot to launder $1 billion in bribes.
Alejandro Andrade, 54, Venezuela’s national treasurer from 2007 to 2010, pleaded guilty in December 2017 to a money-laundering conspiracy.… Continue Reading