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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

Posts Tagged: Conspiracy

Pennsylvania consulting company boss indicted for bribing European development bank official

A federal grand jury in Philadelphia indicted the former owner and president of the Chestnut Consulting Group Inc. Tuesday for bribing an official of an international development bank.

Dmitrij Harder, 42, a Russian national living in Huntingdon Valley, Pennsylvania, was charged with one count of conspiracy to violate the FCPA and Travel Act, five counts of violating the FCPA, five counts of violating the Travel Act, one count of conspiracy to commit international money laundering, and two counts of money laundering.… Continue Reading

Marubeni will pay $88 million to resolve second FCPA action

Head office of Marubeni in Chiyoda-Ku, Tokyo, Japan (courtesy of Wikipedia)Japan’s Marubeni Corporation pleaded guilty Wednesday to eight FCPA charges, admitting it bribed Indonesian officials to win an electricity contract for itself and a partner, Alstom SA.… Continue Reading

Former PetroTiger co-chief pleads guilty

Image courtesy of PTS, a PetroTiger companyThe former co-chief executive officer of oil and gas services company PetroTiger Ltd. pleaded guilty Tuesday for bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.… Continue Reading

Venezuela state banker admits taking bribes from U.S. broker

A former vice president from Venezuela’s state economic development bank pleaded guilty Monday and agreed to cooperate with prosecutors investigating a massive bribery and fraud scheme by a U.S. broker.

Maria de los Angeles Gonzalez de Hernandez, 55, admitted in federal court in New York to taking $5 million in kickbacks from Direct Access Partners LLC in exchange for bond-trading business from her employer, Banco de Desarrollo Económico y Social de Venezuela (Bandes).… Continue Reading

This should be easy: In England, what’s a bribe?

One of the benefits, apart from the foreign earnings, of  London’s court clogging Russian litigation, has been the collation of principles relating to the English civil law of bribery which can be summarized as follows:

The underlying substantive and remedial policies behind protecting a principal against bribes is an agent’s obligation to act in the best interests of its principal and to avoid a real possibility of potential conflict.

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Third guilty plea in broker-dealer case

The DOJ said Friday another broker from Direct Access Partners pleaded guilty to bribing foreign officials in Venezuela in exchange for bond trading work.

Jose Alejandro Hurtado pleaded guilty in New York federal court to six counts of conspiring to violate the Foreign Corrupt Practices Act, to violate the Travel Act, and to commit money laundering, as well as substantive counts of the offenses.… Continue Reading

Two brokerage execs plead guilty for Venezuela bribes

Two executives of an SEC-register broker-dealer pleaded guilty Thursday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.

Ernesto Lujan, a former managing partner of Direct Access Partners, and Tomas Alberto Clarke Bethancourt (also known as Tomas Clarke), a former senior vice president, pleaded guilty to conspiracy, money laundering, and violating the Foreign Corrupt Practices Act.… Continue Reading