Four members of the U.S. House of Representatives introduced legislation Friday that will criminalize extortion by foreign officials, enabling the DOJ to indict the officials for demanding bribes to fulfill, neglect, or violate their official duties.… Continue Reading
The adage of only conducting an affair with someone with much more to lose might also be apposite advice for those indulging in or contemplating bribery. Fear of punishment ought to secure the discretion of complicit parties but there are always those who may find themselves with little to lose by seeking to take advantage of a formerly complicit party.… Continue Reading
Those being investigated work for the group’s influential newspapers 21st Century Business Herald (21CBH), Money weekly and online news portal 21cbh.com.… Continue Reading
The DOJ took more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators.… Continue Reading
A former government official in the U.S. Virgin Islands has been indicted on bribery and extortion charges, the U.S. Justice Department said Thursday.
A federal grand jury indicted Louis “Lolo” Willis on three counts each of bribery and extortion stemming from his time as the executive director of the Virgin Islands legislature from 2009 to 2012.… Continue Reading
After RICO trial win, Chevron demands $32 million from plaintiffs lawyer Donziger for attorneys fees
Chevron Corporation asked a federal court Tuesday to award it $32 million for attorneys fees it incurred during a successful fraud and racketeering trial against U.S. lawyer Steven Donziger.
As first reported Thursday by Oil Patch Asia (and reprinted here with permission), Chevron said in a motion for attorney’s fees that Donziger used “a pattern of racketeering that included multiple frauds, extortion, [and] obstruction of justice” to win a multi-billion-dollar pollution judgment against Chevron in Ecuador.… Continue Reading
A federal jury found Bolivia’s anti-corruption chief guilty of traveling to Miami to extort $30,000 from a wealthy Bolivian businessman who was facing trumped-up charges back home.
Bolivian National Police Col.… Continue Reading
It’s called “What are the odds of getting caught.”
John Morton, of Morton’s Fork fame, would have been intrigued by Bernie Ecclestone’s explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.… Continue Reading
The second objection defendant corporations typically have to FCPA enforcement concerns the thorny problem of solicitation. Sure, some companies pay bribes aggressively and unreservedly. But others feel pressured to do it.… Continue Reading
In 2009, companies from the private sector (mainly in Europe) decided, through the International Chamber of Commerce (ICC) to develop in cooperation with the World Economic Forum, the UN Global Compact and Transparency International a training tool known as RESIST (Resisting Extortions and Solicitations in International Transactions).… Continue Reading