News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Bill Steinman
Contributing Editor
In the aftermath of Airbus’ $4 billion global settlement, one can’t help but wonder: What preemptive action can a company take to avoid similar entanglements? Here are the five biggest takeaways every company in any industry can benefit from.… Continue Reading
Apple published its annual Conflict Minerals Reports last week that said the company is reviewing information about alleged activities involving the Democratic Republic of the Congo that include bribery and illegal payments.… Continue Reading
Dan Adamescu, courtesy of B1TVChannel via YouTubeThe Romanian National Anticorruption Directorate arrested businessman Dan Adamescu Friday, charging him with bribing judges to rule in his favor in court cases.
Prosecutors from the anticorruption agency said Adamescu instructed his lawyer and others to pay bribes of 20,000 euros ($27,200) to two judges in December 2013 who were presiding over several insolvency cases involving his companies.… Continue Reading
The Sentencing Council in the UK has released new guidelines for how individuals convicted of fraud, money laundering and bribery offenses should be punished.
They will take effect on October 1, 2014.… Continue Reading
A former government official in the U.S. Virgin Islands has been indicted on bribery and extortion charges, the U.S. Justice Department said Thursday.
A federal grand jury indicted Louis “Lolo” Willis on three counts each of bribery and extortion stemming from his time as the executive director of the Virgin Islands legislature from 2009 to 2012.… Continue Reading
Ehud Olmert in June 2013, speaking at a Jerusalem Post event in NYC; posted on YouTubeA court in Tel Aviv Monday found former Prime Minister Ehud Olmert guilty of taking bribes while he served as mayor of Jerusalem and a government minister.… Continue Reading
Last summer, I wrote a series for the FCPA Blog about Virginia’s “Shamefully Inadequate Ethics Laws” (see here, here and here). I was not alone in criticizing what has been deemed one of the least effective ethics regimes in the country.… Continue Reading
For the third time, an Organisation for Economic Co-operation and Development’s Phase 3 working group has reported that a country and party to the OECD’s anti-corruption convention has failed to bring a single foreign bribery case to trial.… Continue Reading
Hua Bangsong, Courtesy of NTDTV.com, via YouTubeShanghai-based Wison Engineering Services Co. said Friday that its chairman was arrested by Chinese police for “alleged bribery activity.”
After the Chinese oil-engineering provider was informed of Chairman Hua Bangsong’s arrest through his family, the company issued a statement to the Hong Kong Stock Exchange.… Continue Reading
Demonstration in Kiev, courtesy of WikipediaThe Financial Crimes Enforcement Network (FinCEN) issued an Advisory to U.S. financial institutions reminding them to take risk-based steps to track the potential movement of assets related to Viktor Yanukovych and his former administration.… Continue Reading
Sen. Ron Calderon (D-Montebello), courtesy of YouTubeSenator Ronald Calderon of the California State Assembly was indicted Thursday on two dozen counts of bribery, fraud, money laundering and other charges, and accused of accepting $100,000 in bribes from a hospital owner and undercover FBI agents.… Continue Reading
John Morton, of Morton’s Fork fame, would have been intrigued by Bernie Ecclestone’s explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.… Continue Reading