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
Buildings are collapsing in Lagos, Ibadan, Abeokuta, Kaduna, Kano and other Nigerian cities.
The latest incident in Abuja killed two people.
‘This is gradually becoming a national nightmare and embarrassment,’ according to the editors of Leadership, a Nigeria newspaper.… Continue Reading
Another high-flying China official has been indicted for taking bribes.
Tian Xueren, the former deputy governor of Jilin Province, is accused of taking about $3 million on 85 occasions between 1995 and 2011.… Continue Reading
The former chief of Indonesia’s traffic police is on trial, accused of corruptly amassing houses, land, cars, and even gas stations.
Inspector General Djoko Susilo was arrested in December.
At the opening of his trial this week at a special anti-corruption court in Jakarta, prosecutors said his ill-gotten assets amounted to more than $11 million.… Continue Reading
FCPA Blog-sponsor AlixPartners teamed with Dentons to survey multinational companies about their current and future business objectives in Africa.
The survey aimed to better understand whether companies perceived Africa to be an attractive investment destination, given the continent’s legacy of corruption and political instability.… Continue Reading
Oil and gas services firm Tesco Corporation said this week the SEC asked it to ‘preserve and retain’ documents related to FCPA compliance and its use of commercial agents in an undisclosed country.… Continue Reading
Jack Stanley paid his former employer Kellogg, Brown & Root LLC $9.25 million last week as partial restitution for kickbacks he took when he ran the company.
He was sentenced on February 23 to 30 months in prison for conspiracy to violate the Foreign Corrupt Practices Act and commit mail and wire fraud.… Continue Reading
The Arab Spring showed the power of social media and grass-roots transparency. Corrupt heads of state were swept out of office in Tunisia and Egypt. But some neighboring kleptocrats are fighting back.… Continue Reading
Does foreign aid cause corruption? Yes, mainly by helping corrupt regimes stay in power. And because corrupt regimes are the most unstable, aid also fuels civil unrest.
Here are the top ten U.S.… Continue Reading
By Bill Waite and Martin Stone
A by-product of the type of regime changes seen recently in Tunisia and Egypt, and appearing likely in Libya, is a wave of overseas asset traces.… Continue Reading
Within a half hour of Mubarak’s resignation on Friday, Switzerland had acted.
“I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect,” a Swiss government spokesman told Reuters, without saying more.… Continue Reading
Predicting what leaders will fall from power is never easy, even for the pros (“Who lost Iran?).
But a quick test for stability is to check how long the leader has hung on, and how corrupt his or her country is perceived to be by the rest of the world.… Continue Reading
In May 2008, we talked about the earthquake in Szechuan and the evidence that schools there collapsed because of poor construction made possible by bribes to crooked building inspectors.
It sounded like what we witnessed years earlier in Cairo, we said, when apartment buildings with illegal extra floors crumbled into marble-sized rubble during an earthquake.… Continue Reading