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 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
Independent oil and gas firm Cobalt International Energy, Inc. said this week that DOJ and SEC investigations into business arrangements in Angola are ongoing and the company is cooperating.
Last year, news sources reported alleged links between Angolan government officials and Nasaki Oil and Gas, one of Cobalt’s partners in Angola.… Continue Reading
Cobalt International Energy, Inc. has denied alleged links between government officials and Nasaki Oil and Gas, one of Cobalt’s partners in Angola.
The Sunday Financial Times reported that the former head of Angola’s national oil company confirmed that three officials have held shares in Nasaki.… Continue Reading
Oil is big business. And it leads some companies to take big risks with FCPA compliance.
Take Cobalt International Energy, Inc., for example.
In its annual report filed with the SEC on March 1, Cobalt repeated a disclosure, of sorts, about FCPA compliance in an Angolan development project.… Continue Reading