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
In preparing for three days of in-house workshops, Angélique Parisot-Potter, the general counsel of the Massy Group, said to me, “We like stories here in the Caribbean, so be sure to share some.”… Continue Reading
Last month, the DOJ’s Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.”… Continue Reading
An executive at Swiss pharma Novartis pleaded guilty in a bribery prosecution in Poland, the company has confirmed.
Poland’s anti-corruption bureau charged two women with bribery. Prosecutors said they gave a health fund official a tourist trip worth more than $1,000 in exchange for backing the sale of a particular drug, Reuters said.… Continue Reading
GlaxoSmithKline said Tuesday it is investigating allegations of corrupt payments in the United Arab Emirates.
The UK’s biggest pharma confirmed the investigation following allegations of improper payments set out in a whistleblower’s email sent to its top management Monday, Reuters said.… Continue Reading
A court in China fined UK pharma giant GlaxoSmithKline $490 million Friday following a conviction for bribery.
GSK’s former head of China operations, Mark Reilly, was given a three-year prison sentence that was suspended, the BBC said.… Continue Reading
Press reports that GlaxoSmithKline fired employees of its China unit in 2001 for paying bribes to government officials could complicate the company’s defense of current allegations about illegal sales practices in several countries.… Continue Reading
GlaxoSmith Kline PLC is under investigation by the UK Serious Fraud Office for possible criminal violations, the pharma said Tuesday.
In a two-sentence statement, UK-based GSK said it had been informed by the SFO of a formal criminal investigation into GSK’s commercial practices.… Continue Reading
GlaxoSmithKline said it is investigating allegations of bribery in Jordan and Lebanon first reported by the media.
The UK-based pharma giant said in a statement Wednesday the probes are ongoing.
GSK said it has a “zero tolerance” for illegal behavior.… Continue Reading
The Arab Spring showed the power of social media and grass-roots transparency. Corrupt heads of state were swept out of office in Tunisia and Egypt. But some neighboring kleptocrats are fighting back.… Continue Reading
Does foreign aid cause corruption? Yes, mainly by helping corrupt regimes stay in power. And because corrupt regimes are the most unstable, aid also fuels civil unrest.
Here are the top ten U.S.… 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
Denmark-based Novo Nordisk A/S will pay a $9 million criminal penalty and enter into a deferred prosecution agreement with the Justice Department for illegal kickbacks paid to the former Iraqi government under the U.N.… Continue Reading