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
Millipore’s announcement last week was unusual. The Massachusetts-based life science firm said in its 10-Q that the SEC won’t bring an enforcement action for potential Foreign Corrupt Practices Act violations the company self-reported in 2006.… Continue Reading
Last week the World Bank announced that Siemens will pay $100 million over the next 15 years to settle corruption charges involving a project in Russia. The money is supposed to go to anti-corruption groups, for compliance training and education programs, as well as helping governments recover assets stolen by crooked leaders.… Continue Reading
The head of Indonesia’s anti-corruption agency was arrested Monday for murdering a prominent local businessman. Antasari Azhar, 56, chairman of the Corruption Eradication Commission or KPK, is accused of killing a rival in a love-triangle.… Continue Reading
We admire Pride International, Inc.’s approach to its Foreign Corrupt Practices Act disclosures. The company talks about the serious problems it had for years with sensitive payments, and how it’s been dealing with them.… Continue Reading
New allegations in the Satyam scandal could have major Foreign Corrupt Practices Act implications. A story in The New York Times by Heather Timmons on Sunday said Satyam Computer Services’ founder and former chief, B.… Continue Reading
Like everyone else, we’re stunned by the news coming from the World Bank these days. First Satyam, then Wipro, and now Megasoft Consultants Ltd. All three Indian outsourcing companies have been banned from doing business with the Bank because they violated the fraud and corruption provisions of its procurement guidelines.… Continue Reading
The Justice Department has announced its first Foreign Corrupt Practices Act enforcement action of 2009. Mario Covino, 44, an Italian citizen living in Irvine, California, pleaded guilty in federal court in Santa Ana to a single count of conspiring to violate the FCPA by paying at least $1 million in bribes to foreign officials in several countries.… Continue Reading
The report published by the United Nations Development Program about public bribery in Asia that we talked about yesterday, Tackling Corruption, Transforming Lives, examines corruption in utilities, the courts, police departments, land offices and hospitals, among others.… Continue Reading
Pride International, Inc., a Houston-based drill-rig provider to the oil and gas industry, disclosed in its February 29, 2008 Form 10-K (annual report) an ongoing internal investigation into potential violations of the Foreign Corrupt Practices Act.… Continue Reading
It probably makes no sense to ask which form of public corruption is the worst, since they all destroy the fabric of society. But as lawyers, we think judicial corruption should be singled out.… Continue Reading
Westinghouse Air Brake Technologies Corporation (“Wabtec”) will pay about $675,000 and enter into a deferred prosecution agreement to resolve Foreign Corrupt Practices Act offenses caused by its Indian subsidiary, Pioneer Friction Limited.… Continue Reading
Pune, India was the site of a groundbreaking conference on December 16, 2007 about the U.S. Foreign Corrupt Practices Act. The first-ever FCPA compliance event to be staged in India was organized by Indiaforensic, a non-profit group for anti-fraud professionals.… Continue Reading