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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Kazakhstan: Dreams of progress, but reality comes knocking

I’ve described the significant progress Kazakhstan made in improving its international standing for economic attractiveness and the recognition that it received from the U.S. government for its reform.

For much of the past 15 years, Kazakhstan was deemed by many as having the best investment climate in the post-Soviet Commonwealth of Independence States (the CIS), being second only to Russia in its ability to attract foreign investment.… Continue Reading

Olympics update: Beijing in, Boston out (Part One)

We learned Friday that Beijing will host the 2022 Winter Olympics, and that Boston withdrew from the 2024 race. From a corruption standpoint, there’s a lot going on here.

China’s selection completes a fascinating ten-year stretch:  2014 (Russia), 2016 (Brazil), 2018 (South Korea), 2020 (Japan), 2022 (China).… Continue Reading

The BOTA Foundation explained (Part Eleven): Future BOTAs and dictators’ money

The BOTA Foundation was able to take the $115 million from the corruption case associated with James GIffen and use it effectively and efficiently to assist more than 200,000 poor children, youth and their families in Kazakhstan. 

Created in 2009 based on an agreement by the governments of the U.S., Switzerland and Kazakhstan (brokered by the World Bank), BOTA to date is the only such foundation to emerge from a FCPA prosecution. 

The question is: will the BOTA case be unique?… Continue Reading

The BOTA Foundation explained (Part Ten): Lessons from BOTA

BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose?  

1.  The concept is proven: BOTA successfully spent down over $115 million dollars from the frozen Pictet and Cie account associated with James Giffen in about a five-year period efficiently and effectively.… Continue Reading