Former federal judge Stanley Sporkin (left) is one of my heroes. Yes, I am biased. As an Assistant U.S. Attorney at the Justice Department in Washington, D.C., I tried several cases before him, and in private practice, I have collaborated with him on many projects.… Continue Reading
The fired British CEO of Tokyo-based Olympus Corporation has turned over evidence of potentially corrupt payments to the U.K.’s Serious Fraud Office.
Michael Woodford, a thirty-year veteran at the company, served as CEO for just six months before being fired a week ago.… Continue Reading
An article in today’s Bloomberg Markets Magazine said there were detailed allegations of systematic overseas bribery in a French lawsuit against one of the world’s biggest privately owned companies, Koch Industries.… Continue Reading
For years, critics have said the FCPA hurts U.S. financial markets by scaring away foreign companies that don’t want the burden of compliance. We don’t know of any hard evidence to support that argument, and no foreign executives have told us they’re staying out of American markets because of the FCPA.… Continue Reading
The fourth member of the TSKJ consortium — JGC Corporation of Japan — and the only one that hasn’t settled Foreign Corrupt Practices Act charges with the U.S. government, disclosed in its latest annual report that it’s in talks with the DOJ “about a potential resolution” of FCPA-related charges.… Continue Reading
In what may be the first case of its kind, a U.S. company that has no securities traded on an exchange but files periodic reports with the Securities and Exchange Commission has disclosed an internal investigation into possible Foreign Corrupt Practices Act violations.… Continue Reading
Two U.K. citizens who allegedly helped Houston-based Kellogg Brown & Root (KBR) bribe Nigerian officials have been indicted for violating the Foreign Corrupt Practices Act. Jeffrey Tesler, 60, of London, England, and Wojciech Chodan, 71, of Maidenhead, England, were indicted on Feb.… Continue Reading