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
Key Energy Services, Inc. resolved an SEC enforcement action Friday by disgorging $5 million but not paying any other penalties.
The company’s Mexico unit had bribed an employee at state-owned Pemex for at least four years.… Continue Reading
Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.
The SEC Friday charged Key Energy in an internal administrative order with violating the FCPA’s internal controls and books-and-records provisions.… Continue Reading
During the second calendar quarter, there were four corporate FCPA enforcement actions and eight individual resolutions (seven related to Direct Access Partners). There were also three guilty pleas by individuals.
Akamai Technologies and Nortek Inc.… Continue Reading
Key Energy Services Inc. said Thursday the Justice Department informed the company that it has closed its FCPA investigation and won’t bring an enforcement action.
Houston-based Key Energy said in 2014 it was investigating allegations of possible bribery involving its Mexico operations.… Continue Reading
Key Energy Services Inc. said it is investigating allegation of possible bribery involving its Mexico operations.
As reported by Petro Global News, the Houston-based firm said in an SEC filing last week that it learned about the allegations in April and has conducted an initial investigation into potential violations of the FCPA and other laws.… Continue Reading
Key Energy Services, Inc. disclosed in a securities filing Tuesday that the SEC is investigating potential FCPA violations by the company in Russia.
In its May 6, 2014 Form 10-Q, Key said:
The U.S.… Continue Reading