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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

Posts Tagged: Extortion

How to RESIST paying bribes

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

That’s no bribe, it’s ransom money

Companies often face extortionate demands from foreign police, bureaucrats, and regulators, who threaten to hold, expel, or even harm employees if ransoms aren’t paid. And there have always been questions whether those involuntary payments can violate the FCPA.… Continue Reading

China regulators probe IPO ‘hush money’

The China Securities Regulatory Commission is reportedly looking into illicit deals between companies seeking an IPO and media organizations.
 
A general manager of a finance company said he knew of companies that paid as much as $3.2 million to prevent media agencies from going public with negative information.… Continue Reading

SFO Targets F1 Supremo Ecclestone

The U.K. Serious Fraud Office may investigate bribery allegations against Formula One boss Bernie Ecclestone, left, according to reports from Reuters and others.

Ecclestone, 81, testified in a German court last week that he ‘paid former BayernLB banker Gerhard Gribkowsky to stay quiet and keep tax authorities at bay while acquiring Formula One rights five years ago,’ Reuters said.… Continue Reading

The Law Ain’t Broke

On Monday, Kyle Sheahen told us how useless the FCPA’s two affirmative defenses are. He suggested that Congress fix the local-law and promotional-expenses defenses.

But at least two readers, one from the private sector and another from the DOJ (apparently), dissented.… Continue Reading

NATCO Settles “Extorted” Bribe Case

The Securities and Exchange Commission kicked off the FCPA-enforcement year this week with civil books and records and internal controls charges against Texas-based oil and gas services firm NATCO Group Inc.… Continue Reading

Paying The Pirates

This month’s online edition of Foreign Policy magazine has an article (here) saying Somali pirates are handing over part of their proceeds to the regional Puntland government in exchange for being allowed to operate in areas it controls.… Continue Reading