The lone exception written into the FCPA allows bribes for “routine governmental action . . . which is ordinarily and commonly performed by a foreign official.” That sounds simple, but it’s not.… Continue Reading
Posts Tagged: Extortion
Glencore’s FCPA resolution last month included a plea agreement requiring the parent company’s Chief Compliance Officer to certify its compliance program and reports to the DOJ. The CCO’s certification is subject to the false statements statute, punishable by up to five years in prison, and the federal obstruction law, which carries a potential prison sentence of up to 20 years.… Continue Reading
The Texas-based oil and gas giant employs over 65,000 people and has refineries in 21 countries. At 18 pages, ExxonMobil’s anti-bribery policy is the second longest we’ve seen behind VW’s 36-page policy.… Continue Reading
Many an in-house compliance professional has spent a weekend (or ten) consumed with handling the tricky questions presented when an employee finds themselves incarcerated in one emerging market or another. It is unclear, especially at first, whether the arrest was justified in most cases.… Continue Reading
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.”