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
Most of the globe has put itself into debt, taking out huge loans to pay for the costs of fighting Covid-19 and protecting employment infrastructures. With the flood of cash, fraud is running rampant.… Continue Reading
The global response to the pandemic has been varied, not only in a medical context but also at a fiscal level. Governments are desperately trying to save jobs and their economies.… Continue Reading
In normal years during winter, somewhere around 20 percent of Americans living in the middle and northern latitudes suffer some degree of seasonal affective disorder or SAD. This year, with so much uncertainty and isolation, no one knows how high the incidence of SAD could climb.… Continue Reading
On March 27, the U.S. Congress passed a nearly $2 trillion bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, with near-unanimous support, to deal with the severe health and economic fallout from Covid-19.… Continue Reading
New compliance risks are emerging as a result of Covid-19. With new work patterns inside companies and outside, risk patterns have shifted. Yet many companies are furloughing or reducing staff dedicated to anti-bribery and anti-corruption functions, often in direct contrast to changing and rising compliance needs.… Continue Reading
In December 2013, when I returned home after spending nearly 14 months in federal prison, I was naturally exuberant to have my freedom back. But soon after my release, my Probation Officer, Kimberly Gorton, slammed the brakes on my enthusiasm.… Continue Reading
The Covid-19 outbreak presented “an unprecedented crisis” for the criminal justice system in the UK – coming as it did when there was already a mounting backlog of complex criminal cases in England and Wales.… Continue Reading
Governments and international financial institutions (IFIs) are stepping up to respond to the public health and economic crisis caused by Covid-19. For its part, the World Bank Group (WBG) has approved billions of dollars in financing to support countries in their efforts against the pandemic.… Continue Reading
The recent news that the UK government is relaxing its wrongful trading rules is to be welcomed. The proposal to temporarily shield directors from liability when their companies do business while having negative balance sheets is set out in the Corporate Insolvency and Governance Bill, which is currently going through the UK parliament’s legislative process and is expected to be passed into law imminently.… Continue Reading
The market for directors and officers liability insurance has been out of kilter since the start of the year, with more demand than supply. Now, the D&O market is nearly frozen, and companies are scrambling to adequately insure those serving on their boards or as part of management.… Continue Reading
While we are trying to predict what the world will look like when the Covid-19 pandemic finally recedes, it is becoming clear already that after the outbreak is over, many of us will still be working from home.… Continue Reading
I do not like criticizing the UK Serious Fraud Office. Its staff are exceptionally committed, and it has a very tough mandate. But my experience of building a global consultancy over 20 years is that hard messages sometimes need to be given, and a failure to deliver the message is demonstrative of personal as well as organizational failure and risks greater harm.… Continue Reading