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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

Switzerland: Oil trader sentenced for Africa bribes

A former Geneva-based oil trader was given an 18-month suspended sentence for bribing officials in Africa in exchange for oil shipments.
 
Pascal Collard, a Belgian with Swiss residence, admitted bribing officials in the Congo and Ivory Coast.… Continue Reading

Africa’s Oil And Gas Corruption In The Spotlight

The NGO Global Witness has published a new report that says governments in Africa are awarding concessions and production contracts to shell companies that may have ties to government officials.

“Rigged: The Scramble for Africa’s Oil, Gas and Minerals” describes how joint ventures between international oil and gas firms and shell companies may be hiding corruption and helping fund crooked regimes.… Continue Reading

America’s Newest Foggy Bottom

Just when we thought the SEC’s job is to regulate markets and protect investors, we’ve learned it’s all about, ahem, foreign policy. 

At least that’s the message in yesterday’s SEC release concerning proposed new rules under Dodd-Frank about the use of conflict minerals from the Democratic Republic of the Congo and adjoining countries.… Continue Reading

SEC Charges Second Pride Exec

The former country manager in Venezuela for Pride International, Inc. last week settled civil FCPA charges with the SEC.

Joe Summers, a U.S. citizen who lives in John Day, Oregon, agreed to pay a civil penalty of $25,000.… Continue Reading

SEC Charges Ex-Pride VP

The Securities and Exchange Commission accused Bobby Benton, a former vice president of offshore drill rig operator Pride International, of violating the Foreign Corrupt Practices Act. He allegedly bribed Mexican officials in 2004 and altered the company’s accounts to hide the payments.… Continue Reading

Paris Punts On Probe

The lawsuit examining how three African rulers and their families managed to acquire dozens of luxury homes, cars and other assets in France has been stopped. A Paris magistrate had ordered the investigation in May at the request of Transparency International.… Continue Reading