A former Alstom SA executive who carried a UK passport, worked in France, and said he never set foot in the United States, was convicted Friday by a federal jury on 11 of 12 counts for his part in a scheme to bribe government officials in Indonesia.… Continue Reading
A former director of the the Bahamas Electricity Corporation who took more than $220,000 in bribes from Alstom is too sick to face prison, a judge ruled Friday.
Fred Ramsey, 79, was convicted by a Bahamas jury in May of taking $221,457 to influence the award of a contract for generators to Alstom Espana SA.… Continue Reading
A jury in the Bahamas Tuesday convicted a former board member of the Bahamas Electricity Corporation of bribery, finding he took hundreds of thousands of dollars to help Alstom win contracts, reduce penalties for late performance, and overturn a government award to a competitor.… Continue Reading
The UK Serious Fraud Office charged another individual Tuesday as part of the ongoing investigation into Alstom.
Terence Stuart Watson, the Alstom Country President for the UK and Managing Director of Alstom Transport UK and Ireland, was charged with violating section 1 of the Prevention of Corruption Act 1906 and with conspiracy to corrupt contrary to section 1 of the Criminal Law Act 197.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) assessed a $20 million civil penalty against Oppenheimer & Co., Inc. for “willfully violating” the Bank Secrecy Act.
Oppenheimer is a securities broker–dealer based in New York.… Continue Reading
More than 77,000 foreign banks and other financial institutions agreed to share information about U.S. account holders with the Internal Revenue Service as part of a crackdown on offshore tax evasion, the Treasury Department said Monday.
The former hedge fund executive who pleaded guilty nine years ago to conspiracy to violate the FCPA was sentenced Wednesday to time he aleady served in jail.
The U.S. Court of Appeals has denied Frederic Bourke’s request for a new trial.
Bourke, convicted in 2009 of an FCPA conspiracy and sentenced to a year in jail, argued that prosecutors knowingly allowed a key witness to present false testimony to the jury.… Continue Reading