At Large: Did ‘culture shock’ derail Beam Suntory’s criminal FCPA resolution?
Richard L. Cassin
November 5, 2020
How to explain it? Beam Suntory’s 2018 FCPA civil settlement with the SEC went so well. The SEC praised the company’s cooperation and took into account its good behavior. And yet in 2020, when Beam Suntory finally resolved criminal FCPA charges, the DOJ brought faint praise and heavy criticism, citing the company’s “inconsistent and, at times, inadequate cooperation,” among other transgressions.… Continue Reading
Once a jewel in Germany’s business crown, Wirecard is now in the process of being wound up after the discovery of an audacious fraud involving senior executives inside the payment-processing company and hidden losses of €3.2 billion ($3.7 billion).…