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
Oussama Naaman, Innospec’s one-time agent who pleaded guilty in June to criminal FCPA and conspiracy charges, and David Turner, a former business director at the company, settled civil charges today based on violations of the Foreign Corrupt Practices Act.… Continue Reading
General Electric Company, whose compliance program is among the most respected and admired in the world, has settled civil violations of the Foreign Corrupt Practices Act with the Securities and Exchange Commission.… Continue Reading
Ousama M. Naaman, a dual citizen of Canada and Lebanon, pleaded pleaded guilty Friday in Washington, D.C. to conspiracy and to violating the Foreign Corrupt Practices Act. He was charged in a June 24, 2010 superseding information with engaging in an eight-year conspiracy to defraud the United Nations oil-for-food program and bribing Iraqi officials.… Continue Reading
Will the latest federal indictment involving private security firm Blackwater lead to Foreign Corrupt Practices Act charges? It’s possible, based on allegations against the five defendants.
On Friday, a federal grand jury in North Carolina indicted Gary Jackson, Blackwater’s former president; William Matthews, the former executive vice president; Andrew Howell, the former general counsel; Ana Bundy, a former vice president; and Ronald Slezak, a former weapons manager.… Continue Reading
French energy giant Total S.A. said bribery allegations it disclosed last week for its role in the U.N. oil for food program in Iraq are nothing new. A Paris judge brought the charges on February 22, the company said in its annual report released Friday.… Continue Reading
Germany’s Daimler AG has been charged in a criminal information with Foreign Corrupt Practices Act-related violations involving “at least 22 countries over almost a decade.” China, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq, Ivory Coast, Latvia, Nigeria, Russia, Serbia, Montenegro, Thailand, Turkey, Turkmenistan, Uzbekistan, and Vietnam are among the countries mentioned.… Continue Reading
What stands out about Innospec’s FCPA guilty plea yesterday is the hands-on role former top managers had in the criminal activity. For nearly a decade they used bribery as just another sales tool, a manipulative and cynical revenue spinner, and did what they could to cover it up.… Continue Reading
Specialty chemical maker Innospec Inc. resolved more than a dozen criminal charges in the U.S. and U.K. today, including Foreign Corrupt Practices Act (FCPA) and U.N. oil for food program offenses, and violations of the U.S.… Continue Reading
Britain’s Serious Fraud Office said Thursday it has charged Innospec Limited, a U.K. subsidiary of Delaware-based Innospec Inc., with “conspiracy to corrupt, contrary to Section 1 of the Criminal Law Act 1977.” … Continue Reading
Innospec Inc. said in its latest Form 10-K that it hopes to settle bribery charges related to the U.N.’s oil-for-food program in Iraq with the Justice Department, the Securities and Exchange Commission, and the U.K.’s… Continue Reading
Representatives of the United Nations are “foreign officials” under the Foreign Corrupt Practices Act. The key intermediary identified as “Individual 1” in this week’s historic bribery indictment of 22 people from the military and police-equipment industry has been charged with conspiracy (18 U.S.C.… Continue Reading
Director Richard Alderman says, “The Serious Fraud Office has changed significantly over the past year. We have become much more proactive and innovative in our approach to combating serious fraud and corruption.”… Continue Reading