The DOJ’s Yates Memo is nearly a year old. The anti-corruption and compliance communities are still wondering what impact it will have on individual responsibility for white collar crimes. That in turn has brought more interest about past prison sentences for FCPA offenses and what future defendants might expect when sentenced.… Continue Reading
The Securities and Exchange Commission said Friday that seven individuals from a registered broker-dealer settled charges related to bribes paid to a former official of a Venezuelan state-owned bank.
In federal court in Manhattan, Judge Jesse Furman entered final judgments against Iuri Rodolfo Bethancourt, Benito Chinea, Tomas Alberto Clarke Bethancourt, Joseph DeMeneses, Jose Alejandro Hurtado, Ernesto Lujan, and Haydee Leticia Pabon.… Continue Reading
A Miami-based broker from Direct Access Partners was sentenced to three years in prison Tuesday for being the middleman in a scheme to bribe a Venezuela state bank official in exchange for bond trading work.… Continue Reading
Tomas Clarke, a former senior vice president at New York-based Direct Access Partners who worked in the firm’s Miami office, was sentenced to two years in prison Tuesday for his role in bribing a Venezuela bank official.… Continue Reading
A former executive of a Wall Street broker-dealer was sentenced Friday to two years in prison for bribing an official at a state-owned bank in Venezuela in exchange for trading business.… Continue Reading
The former chief executive officer of Direct Access Partners LLC and a managing director were each sentenced to four years in prison Friday for bribing a Venezuela state bank official in return for bond trading business.… Continue Reading
The former chief executive officer and an ex-managing director of U.S. broker-dealer Direct Access Partners LLC pleaded guilty Wednesday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.… Continue Reading
The former chief executive officer of Direct Access Partners LLC and a former partner at the brokerage firm were charged in federal court in New York Monday for bribery involving Venezuela’s state bank.… Continue Reading
A former vice president from Venezuela’s state economic development bank pleaded guilty Monday and agreed to cooperate with prosecutors investigating a massive bribery and fraud scheme by a U.S. broker.
Maria de los Angeles Gonzalez de Hernandez, 55, admitted in federal court in New York to taking $5 million in kickbacks from Direct Access Partners LLC in exchange for bond-trading business from her employer, Banco de Desarrollo Económico y Social de Venezuela (Bandes).… Continue Reading
The DOJ said Friday another broker from Direct Access Partners pleaded guilty to bribing foreign officials in Venezuela in exchange for bond trading work.
Jose Alejandro Hurtado pleaded guilty in New York federal court to six counts of conspiring to violate the Foreign Corrupt Practices Act, to violate the Travel Act, and to commit money laundering, as well as substantive counts of the offenses.… Continue Reading
Two executives of an SEC-register broker-dealer pleaded guilty Thursday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.
Ernesto Lujan, a former managing partner of Direct Access Partners, and Tomas Alberto Clarke Bethancourt (also known as Tomas Clarke), a former senior vice president, pleaded guilty to conspiracy, money laundering, and violating the Foreign Corrupt Practices Act.… Continue Reading
The DOJ Wednesday arrested the former head of the Miami office of brokerage firm Direct Access Partners for conspiracy to bribe an officer at a state-owned Venezuela bank in exchange for bond trading business.… Continue Reading