Jardine Lloyd Thompson Group Holdings Ltd., owned by Marsh & McLennan Companies, Inc., was notified by the DOJ that it would decline prosecution and credit $29 million in disgorgement the company paid to the UK Serious Fraud Office.… Continue Reading
Posts Tagged: Ecuador
Corruption has been a critical hurdle for Latin American countries, denting growth, weakening democracy and governance, and violating the rights of citizens. With governments under increasing financial strain and healthcare systems severely impaired by the pandemic, graft’s effects on society are amplified.… Continue Reading
Vitol Inc., the U.S. affiliate of Geneva-based Vitol group, entered into a deferred prosecution agreement with the Department of Justice Thursday to settle two charges that it conspired to violate the anti-bribery provisions of the FCPA by bribing officials in Brazil, Ecuador, and Mexico.… Continue Reading
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
An asphalt company based in Boca Raton, Florida pleaded guilty Tuesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in three South American countries.… Continue Reading
Two Ecuador citizens living in Florida were indicted for an FCPA conspiracy and money laundering in an expanding prosecution involving bribery at Ecuador’s state oil company.
A U.S.-based financial advisor pleaded guilty Tuesday for helping launder money used to bribe officials at Ecuador’s state energy company.
Jose Larrea, 40, a U.S. citizen living in Miami, pleaded guilty to one count of conspiracy to commit money laundering. … Continue Reading
A U.S. appeals court affirmed a RICO judgment against American attorney Steven Donziger after he sued Chevron in Ecuador on behalf of indigenous tribes, claiming they were harmed by decades of environmental pollution.… Continue Reading
Chevron scored another victory Wednesday in an ongoing legal battle tied to 20-year pollution case in Ecuador.
The Supreme Court of Gibraltar granted Chevron a $28 million award after issuing a judgment against Amazonia Recovery Ltd, a Gibraltar-based company established to receive and distribute funds resulting from a contentious 2011 Ecuadorian judgment against Chevron.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network sets risk-based compliance obligations of U.S. financial institutions. FinCEN directs counter-measures against the countries with the highest risk and enhanced due diligence against others.… Continue Reading
The University of Richmond Annual Corruption Issue, Part II: Chevron, Ecuador, and the Crooked Path to Foreign Justice
The University of Richmond’s Journal of Global Law & Business is proud to announce its annual Corruption Issue. In this series of posts, each co-authored by a UR law student and Professor Andy Spalding, we’ll introduce this year’s articles and invite submissions for next year’s issue.… Continue Reading
D.C. law firm Patton Boggs agreed Wednesday to pay Chevron $15 million to settle allegations that it helped cover up fraudulent evidence in an Ecuador pollution suit against the oil and gas company.… Continue Reading