News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Ukraine has revamped its anti-corruption laws. The most significant aspect of the new legislation is the introduction (scheduled for September 2014) of corporate criminal liability for companies whose employees offer or pay bribes, directly or indirectly, to public officials or officers of private companies.… Continue Reading
Last week, the British Labour Party, the main opposition party, published a policy review called ‘Tackling Serious Fraud and White Collar Crime.’
As might be expected, the review throws a number of political punches, in particular, the government’s recent proposals to cut red tape for business, by exempting facilitation payments, and the lack of resources for financial crime enforcement agencies.… Continue Reading
Federal criminal prosecutions against individuals, including most FCPA cases, often include asset forfeiture counts. Faced with the prospect of being stripped of everything they own, most defendants forget about going to trial and cop a plea instead.… Continue Reading
The DOJ Wednesday arrested the former head of the Miami office of brokerage firm Direct Access Partners for conspiracy to bribe an officer at a state-owned Venezuela bank in exchange for bond trading business.… Continue Reading
I’ve argued in this series that we should think of corruption generally, and bribery specifically, as violating human rights — specifically the rights of the citizens of the countries in which bribery occurs.… Continue Reading
Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
Here’s a note from a correspondent in France:
… Continue ReadingDear FCPA Blog,
You probably have already noticed through ethiXbase that today [November 19] begins the French trial of Jeffrey Tesler.
Tesler’s lawyers will ask to postpone the trial because he is currently in jail in the United States and would like to be at the hearing.
A Manhattan condo and a house in Virginia together worth $2.1 million were confiscated this week from the former president of Taiwan.
The DOJ said the properties were purchased with the proceeds of alleged bribes paid to the family of the former President of Taiwan, Shui-Bian Chen.… Continue Reading
The DOJ on Friday (May 25) filed a motion in the U.S. Court of Appeals for the Ninth Circuit to voluntarily dismiss its appeal in the FCPA case against Lindsey Manufacturing Company, its CEO Keith Lindsey, and CFO Steve Lee.… Continue Reading
France issued an arrest warrant late last month for the son of the president of Equatorial Guinea.
Teodoro Nguema Obiang Mangue, left, known as Teodorin or Teddy, is accused of laundering money from Equatorial Guinea for purchases in France of multi million dollar properties and a fleet of luxury cars.… Continue Reading
It’s been more than a month since KBR’s middleman, Jeffrey Tesler, was sentenced to 21 months in prison.
He was assigned to the Federal Correctional Institution in Fort Dix, New Jersey.… Continue Reading
A federal jury in Miami convicted a former director of Telecommunications D’Haiti S.A.M. (Haiti Telco) on all counts yesterday.
Jean Rene Duperval, 45, of Miramar, Florida, was found guilty on two counts of conspiracy to commit money laundering and 19 counts of money laundering.… Continue Reading