New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
Editors
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
Former Embraer sales exec avoids prison in Aramco bribes case
Richard L. Cassin
December 14, 2018
Colin Steven blew the whistle on himselfA former sales executive of Embraer SA was sentenced Wednesday to time served and fined $25,000 for paying a bribe to help sell jets to the giant oil company, Saudi Aramco.… Continue Reading
Former Embraer sales VP pleads guilty to Aramco bribes
Richard L. Cassin
December 21, 2017
A former sales executive of Embraer S.A. pleaded guilty Thursday in federal court in New York City for bribing a foreign official in exchange for help selling jets to Saudi Aramco.… Continue Reading
Saudi Aramco: Our employee took bribe from Embraer
Petro Global News
October 28, 2016
Saudi Aramco reportedly confirmed Friday that one of its employees took a bribe for arranging a deal with aircraft maker Embraer SA.
Saudi Aramco told the Wall Street Journal an internal investigation found that an unnamed employee took a bribe in 2010 for “facilitating the purchase of three aircraft from Embraer.” … Continue Reading
Och-Ziff and Embraer join our Top Ten Disgorgement List
Richard L. Cassin
October 28, 2016
Two recent enforcement actions included disgorgements to the SEC that are among the ten biggest FCPA disgorgments of all time.
As part of its $412 million resolution with the DOJ and SEC in late September, hedge fund manger Och-Ziff Capital Management Group (and its affiliate OZ Africa Management GP LLC) agreed to disgorge about $199 million to the SEC.… Continue Reading
Embraer pays $205 million to settle FCPA charges
Richard L. Cassin
October 24, 2016
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… Continue Reading
Embraer reserves $200 million for possible FCPA settlement
Richard L. Cassin
August 1, 2016
Image courtesy of EmbraerBrazilian aircraft manufacturer Embraer SA said Friday it booked a $200 million loss contingency in connection with “allegations of non-compliance with the U.S. Foreign Corrupt Practices Act.”… Continue Reading
Embraer CEO departs amid graft probe
Richard L. Cassin
June 13, 2016
Frederico Curado (Image courtesy of Embraer via YouTube)Brazilian aircraft maker Embraer SA said in an SEC filing Friday that Frederico Curado will step down as chief executive officer after leading the company for nine years.… Continue Reading
Brazil charges eight Embraer employees with overseas bribery
Richard L. Cassin
September 24, 2014
Image courtesy of Embraer SAAuthorities in Brazil filed a criminal action against eight Embraer SA employees for an alleged $3.5 million bribe to an official in the Dominican Republic in return for a $92 million contract for attack planes.… Continue Reading
Embraer updates FCPA disclosure
Richard L. Cassin
May 5, 2014
Image courtesy of Embraer SABrazilian aircraft maker Embraer SA said last week its four-year FCPA investigation is still ongoing and the company can’t predict the outcome.
The investigation first focused on three unnamed countries but later expanded.… Continue Reading
Embraer continues investigation, can’t predict potential impact
Richard L. Cassin
July 29, 2013
Brazilian aircraft maker Embraer SA said Friday its FCPA investigation is ongoing and it’s still too early to tell what impact there might be from the fall out.
The company received a subpoena from the SEC in 2010 relating to possible FCPA violations.… Continue Reading
Embraer expands investigation
The FCPA Blog
March 18, 2013
The world’s third largest commercial aircraft manufacturer said its FCPA investigation has expanded to two more countries.
In 2010, Brazil-based Embraer S.A. disclosed an investigation focused on three countries.
Last week, Embraer said the investigation is still in its early stages and it’s too early for the company to know or talk about what might happen.… Continue Reading