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
The expansion of the Wal-Mart investigation into India proves that history is indeed circular. These developments seem to be the early 1970s all over again, and that can’t be good for Wal-Mart.… Continue Reading
Qualcomm said this week it has stepped up a review of its FCPA compliance, while the DOJ and SEC continue to investigate the company.
San Diego-based Qualcomm hasn’t identified what business units or countries are involved or the amounts of any alleged sensitive payments.… Continue Reading
Medical device maker Zimmer Holdings, Inc. said in an SEC filing yesterday that it can’t predict the outcome of DOJ and SEC investigations into its overseas sales practices.
The enforcement agencies opened their investigations in 2007.… Continue Reading
George McGovern, the former senator who died this weekend at 90, ran against Richard Nixon for the presidency in 1972. McGovern lost in one of the country’s most lopsided elections.
But as a candidate, he was authentic and stood for decency and accountability, qualities Nixon never understood.… Continue Reading
One of the biggest banks in the world just said no — to compliance.
A report released Monday by the U.S. Senate Permanent Subcommittee on Investigations describes some of HSBC’s massive compliance failures.… Continue Reading
Following the human stories of FCPA enforcement can be humbling for otherwise proud Americans.
This week, Albert “Jack” Stanley reported to federal prison for, inter alia, his role in paying $182 million in bribes to Nigerian officials.… Continue Reading
The leader of the Dutch government has refused to open a new investigation into the role played by Prince Bernhard in the Lockheed scandal that broke in 1976.
The head of the left-wing liberal D66 party, Alexander Pechtold, asked for ‘a commission of historians .… Continue Reading
Transparency International yesterday released its 2011 Bribe Payers Index. It’s the fifth version of the index and the first update since 2008.
It ranks 28 of the world’s largest economies, TI said, ‘according to the perceived likelihood of companies from these countries to pay bribes abroad.’… Continue Reading
Avon Products confirmed Thursday that the SEC has issued a formal order of investigation into possible violations of the Foreign Corrupt Practices Act.
Avon’s disclosure appeared in its quarterly report filed with the SEC.… 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
We’re off to do our civic duty. But what we’re thinking about today, other than which levers to pull, is the 2010 corruption perception index.
More specifically, whether the U.S.… Continue Reading
A Vietnamese official who took bribes from a Japanese company promoting road-building projects was sentenced to life in prison Monday, according to an AP report.
Huynh Ngoc Sy, 57, was found guilty of accepting $262,000 from Pacific Consultants International, or PCI.… Continue Reading