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
During the second calendar quarter, the DOJ reduced Odebrecht’s criminal penalties for FCPA violations, and a former Och-Ziff middleman was sentenced to prison.
The SEC resolved civil actions with two individuals.… Continue Reading
Two former executives of Magyar Telekom who were headed for trial this month against the SEC agreed instead Monday to pay penalties and accept officer-and-director bars to settle FCPA violations.
Magyar Telekom’s former CEO Elek Straub will pay a $250,000 penalty.… Continue Reading
A former executive of Hungary-based Magyar Telekom settled five-year- old civil allegations that he violated the FCPA.
Tamas Morvai agreed last week to pay the SEC a $60,000 penalty without admitting or denying the charges.… Continue Reading
It was a busy three months for FCPA and related enforcement. Alcoa and a subsidiary landed 5th on the FCPA top ten list with a $384 million settlement. And Japan’s Marubeni made the enforcement report for the second time in just over two years.… Continue Reading
The Wall Street Journal’s Joel Schectman reported Monday that the SEC is dropping allegations that former executives of the Hungarian unit of Deutsche Telekom bribed officials in Montenegro.
Former Magyar Telekom CEO Elek Straub and two former senior executives, Andras Balogh and Tamas Morval, were accused of bribing Montenegrin officials in 2005 when Magyar gained a controlling interest in privatized Telekom Crne Gore A.D.… Continue Reading
Last week, in the case Gabelli v. SEC, the U.S. Supreme Court unanimously held that the Securities and Exchange Commission, when seeking a penalty or fine in connection with a civil enforcement action, must file the action within five years of the completion of the alleged fraud or wrongful conduct.… Continue Reading
A federal district court in New York City issued an order Friday denying a motion to dismiss a civil FCPA enforcement action against three executives of Magyar Telekom Plc.
In December 2011, the SEC sued Elek Straub, Andras Balogh, and Tamas Morvai for FCPA violations.… Continue Reading