New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
Editors
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
Ericsson jolts the FCPA top ten list
Richard L. Cassin
December 9, 2019
Stockholm-based Ericsson cracked our top ten list Friday with a $1 billion mega-settlement that landed at number two.… Continue Reading
Former Braskem CEO charged with FCPA and money laundering conspiracies
Richard L. Cassin
November 21, 2019
The DOJ unsealed an indictment Wednesday charging the former chief executive officer of Braskem S.A. with helping his company and Odebrecht S.A. amass a giant slush fund and use it to bribe officials and political parties in Brazil.… Continue Reading
Colombia investigates deaths of Odebrecht witness, son
Harry Cassin
November 19, 2018
A witness in the Odebrecht corruption case in Colombia died this month at his home near Bogota of what appeared to be a heart attack. Three days later his son died from cyanide poisoning. … Continue Reading
Karp and Mendelsohn: Is RBS the first enforcement action under DOJ policy against piling on?
Brad Karp and Mark Mendelsohn
May 21, 2018
On May 9 the DOJ announced a new policy concerning the coordination of penalties imposed by more than one regulator or law enforcement authority in corporate resolutions.
This new policy (pdf) against “piling on” requires DOJ attorneys to “coordinate with one another to avoid the unnecessary imposition of duplicative fines, penalties, and/or forfeiture against [a] company,” and further instructs DOJ personnel to “endeavor, as appropriate, to .… Continue Reading
DOJ reduces Odebrecht penalties, we revise the top ten list
Richard L. Cassin
April 14, 2017
The DOJ said in a court filing Monday that the U.S. share of Odebrecht’s “global” criminal penalty for its December FCPA resolution will be $93 million and not $260 million. That reduction means the combined Odebrecht/Braskem FCPA settlement isn’t big enough to make the top ten list.… Continue Reading
Roberto P. Bauzá: A judge brings honor to Brazil
77u/Um9iZXJ0byBQLiBCYXV6w6E=
April 6, 2017
Author Roberto P. BauzáThis week I had the pleasure and privilege of attending a public speech given by Judge Sergio Moro in Buenos Aires before an audience of local attorneys, businessmen, members of the judiciary and government officials.… Continue Reading
Andy Spalding: Brazil’s New Enforcement Leadership
Andy Spalding
March 21, 2017
At a time when U.S. leadership in the world is no longer a surety, we should be comforted to find another western hemisphere country proudly taking the lead.
The United States may well have written the first chapter in global anti-corruption enforcement. … Continue Reading
Brazil Car Wash judge killed in plane crash
Richard L. Cassin
January 23, 2017
The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash.
Supreme Court Justice Teori Zavascki was killed when a light plane he was travelling in crashed into the water near Paraty in Rio de Janeiro state. … Continue Reading
Reconsidered: Odebrecht and Braskem are on our FCPA Top Ten list
Richard L. Cassin
December 29, 2016
While the U.S. share of Odebrecht’s “global” criminal penalty for its December 21 FCPA resolution is not yet known, it’s going to be at least $260 million. Its subsidiary, Braskem, agreed to pay the DOJ and SEC $159.8… Continue Reading
DOJ and SEC take small slice of Odebrecht – Braskem $3.5 billion global settlement
Richard L. Cassin
December 21, 2016
Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world. The companies agreed to pay $3.5 billion for a global settlement with authorities in the United States, Brazil, and Switzerland.… Continue Reading
Braskem announces $957 million ‘global settlement’ of Operation Car Wash offenses
Richard L. Cassin
December 15, 2016
Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.… Continue Reading