It’s nearly impossible to violate the FCPA’s anti-bribery provisions without committing a money laundering offense. Over the past five years, 85 percent of all individuals indicted for FCPA offenses have also faced money laundering charges.… Continue Reading
Posts Tagged: Conspiracy
At least 90 percent of all federal criminal defendants plead guilty to reduced charges that carry a lighter sentence, and that holds true for individuals facing FCPA-related charges.… Continue Reading
Have you noticed how many corporate FCPA enforcement actions recount old facts. Really old facts — sometimes from more than a decade ago. Why should we care about all that ancient history?… Continue Reading
FCPA-related jury trials are rare. In some years there might be one but in many years there are none. This year, however, there were three, ending in convictions of four defendants.… Continue Reading
The DOJ unsealed an indictment Wednesday charging the former chief executive officer of Braskem S.A. with helping his company and Odebrecht S.A. amass a giant slush fund and use it to bribe officials and political parties in Brazil.… Continue Reading
This week the U.S. Attorney for the District of Massachusetts said out loud what everyone already knows: Lori Loughlin and her husband, Mossimo Giannulli, are risking longer prison terms in the college admissions cheating scandal than at least some of the parents who have pleaded guilty.… Continue Reading
A Miami-based businessman who pleaded guilty to a single FCPA conspiracy count was sentenced Wednesday to 51 months in federal prison.
Luis Alberto Chacin Haddad, 54, bribed officials at Venezuela’s state-owned electricity company, Corpoelec, in exchange for $60 million in contracts for Florida-based businesses he owned with a co-conspirator.… Continue Reading
A retired U.S. Army colonel was charged in a complaint unsealed today for his alleged role in a foreign bribery and money laundering scheme in connection with a planned $84 million port development project in Haiti. … Continue Reading
The owner and president of a Texas aviation company was sentenced to 18 months in prison Thursday for helping to bribe officials in Mexico.
Douglas Ray, 55, of Magnolia, Texas was also ordered to pay $590,000 in restitution when he appeared in federal court in Houston.… Continue Reading
The former chief compliance officer of a registered broker-dealer in Woodbury, New York was sentenced to six months in prison for stealing money from overseas investors who thought they were investing in Dell, Berkshire Hathaway, and BlackRock.… Continue Reading
On March 16, the U.S. District Court for the District of Connecticut affirmed its earlier ruling that a non-resident foreign national cannot be charged with conspiracy to violate the Foreign Corrupt Practices Act or with aiding and abetting a violation of the FCPA, unless the government can show that he acted as an agent of a “domestic concern” or while physically present in the United States.… Continue Reading