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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

Och-Ziff middleman pleads guilty to Africa bribes

The son of a former Prime Minister of Gabon pleaded guilty in federal court Friday to conspiring to violate the Foreign Corrupt Practices Act by bribing government officials in Africa.

Samuel Mebiame, 43, a Gabonese national, was a consultant to a mining company owned by an Och-Ziff joint venture.… Continue Reading

Tom Fox: Things are getting strange at Rio Tinto

Rio Tinto’s Alan DaviesThe Rio Tinto imbroglio around its mining concession in Guinea continues to become stranger and stranger.

One might think that a $10.5 million payment for a third-party consultant to assist in obtaining a lost mining concession in the notoriously corrupt West Africa country of Guinea, approved at the highest level of the company is unusual enough.… Continue Reading

Hyperdynamics resolves FCPA offenses linked to Guinea payments

Hyperdynamics Corporation Tuesday settled alleged FCPA books and records and internal controls offenses by agreeing to pay the SEC $75,000.

The Houston-based oil and gas company received subpoenas from the SEC and DOJ in 2013 requesting documents relating to its business in the African country of Guinea.… Continue Reading

DOJ declination for Hyperdynamics

Hyperdynamics Corporation said Friday the DOJ has closed its FCPA investigation without bringing any charges against the company.

The Houston-based oil and gas company said it had cooperated with the government’s investigation, and the “DOJ noted the value of the Company’s cooperation in its [declination] letter.”… Continue Reading

Feds seize Florida property linked to alleged BSG Guinea bribes

Image courtesy of Global Witness via YouTubeA federal court in Florida last week granted a request by prosecutors to seize three properties and various restaurant equipment from Mamadie Touré.

Touré, left, is the widow of Lansana Conté, a dictator who ruled the west African country of Guinea for 24 years before he died in 2008.… Continue Reading

Layne Christensen pays $5.1 million in SEC settlement

Layne Christensen Company, a Texas-based water management, construction, and drilling firm, paid just over $5 million Monday to resolve FCPA charges brought by the SEC for bribes in a half dozen Africa countries to reduce taxes and speed up customs inspections and work permits.… Continue Reading

Ebola tragedy is also a story of graft

The current Ebola outbreak has now infected at least 1,975 people and claimed more than 1,000 lives, prompting the World Health Organization (WHO) to declare an International Public Health Emergency.

The worst hit countries in the outbreak are Guinea with 510 cases and 377 deaths, Sierra Leone with 785 cases and 334 deaths, Liberia with 670 cases and 305 deaths, and Nigeria with 12 cases and 3 deaths.… Continue Reading

Vale may sue after Guinea yanks mining licenses

Vale CEO Murilo Ferreira (Image courtesy of Vale)Brazilian miner Vale said it is considering legal options after the government of Guinea announced Friday the official revocation of mining licenses for iron ore concessions held by a joint venture between Vale and BSG Resources.… Continue Reading