News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Cobalt International Energy, Inc. said in a securities filing Tuesday that the SEC has finished its second FCPA investigation into the company’s Angola operations and won’t bring an enforcement action.
Houston-based Cobalt said the SEC opened the second investigation in March 2017.… Continue Reading
Cobalt International Energy, Inc. said Thursday the U.S. Justice Department has closed its FCPA investigation into the company’s operations in Angola.
Cobalt said it received the declination in a letter from the DOJ.… Continue Reading
During the first calendar quarter, there were two corporate FCPA enforcement actions — both through SEC administrative orders — and one individual resolution.
(Last year in Q1 there were two corporate enforcement actions and two individual Siemens-related actions).… Continue Reading
Here’s a statement that Cobalt released Wednesday:
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Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has received a termination letter from the United States Securities and Exchange Commission (“SEC”) advising Cobalt that the SEC’s FCPA investigation relating to Cobalt’s operations in Angola has concluded and that the Staff does not intend to recommend any enforcement action by the SEC.… Continue Reading
A research center in Angola paid for by foreign oil companies who won the rights to some of the country’s 9.1 billion barrels of oil reserves can’t be found, Tim Fernholz reported in Quartz.… Continue Reading
Cobalt International Energy Inc. said Tuesday it received a “Wells Notice” in connection with the SEC’s investigation of its operations in Angola and potential liabilities under the Foreign Corrupt Practices Act.… Continue Reading