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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

Tom Fox: BSGR files for receivership

In one of the most high profile corruption stories around, reports in the Financial Times said BSGR filed for receivership, and on Tuesday entered into voluntary administration in Guernsey, where the company is registered.… Continue Reading

Israeli mining billionaire detained with other leading businessmen

Beny Steinmetz, detained Monday for questioning Beny Steinmetz was detained Monday in Israel for a second time for questioning in connection with bribery of high ranking foreign officials in Guinea.

The police action was part of a joint investigation by the Israeli Police and authorities from Switzerland, the United States and Romania.… Continue Reading

SFO confirms Rio Tinto graft probe

The UK Serious Fraud Office released a statement Monday confirming that it has opened a corruption investigation into mining giant Rio Tinto.

The SFO said the investigation targets “suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it,” according to an alert from FCPA Tracker.… Continue Reading

Feds seize Florida property linked to alleged BSG Guinea bribes

Image courtesy of Global Witness via YouTubeA federal court in Florida last week granted a request by prosecutors to seize three properties and various restaurant equipment from Mamadie Touré.

Touré, left, is the widow of Lansana Conté, a dictator who ruled the west African country of Guinea for 24 years before he died in 2008.… Continue Reading

Enforcement report for Q3 2014

During the third calendar quarter, there was one corporate settlement of an FCPA enforcement action and two individual resolutions. (The third quarter last year was less active, with no corporate resolutions.)… Continue Reading

Vale may sue after Guinea yanks mining licenses

Vale CEO Murilo Ferreira (Image courtesy of Vale)Brazilian miner Vale said it is considering legal options after the government of Guinea announced Friday the official revocation of mining licenses for iron ore concessions held by a joint venture between Vale and BSG Resources.… Continue Reading

Guinea may strip Steinmetz mining rights

Israeli businessman Beny Steinmetz,58, is based in Geneva, Switzerland A state-sponsored committee reviewing mining concessions in Guinea said Wednesday that its 18-month investigation found evidence of graft involving a company controlled by Israeli billionaire Beny Steinmetz.… Continue Reading