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
Enforcement actions by U.S. and European enforcement agencies as well as the World Bank have drawn attention to bribery offenses committed by multinational companies in Russia and other former Soviet republics, in particular in Central Asia.… Continue Reading
The DOJ said Tuesday it has repatriated $4.5 million in corrupt proceeds by the former Kyrgyz Republic president Kurmanbek Bakiyev, pictured left, and his son Maxim Bakiyev.
The stolen money was discovered during banker Eugene Gourevitch’s prosecution in New York for insider trading and the court entered a $6 million forfeiture order.… Continue Reading
Prosecutors in Moscow warned the Russian branch of Transparency International to register as a foreign agent, TI-Russia said in a statement posted on its website Friday.
Prosecutors told the anti-corruption NGO that its “actual activity includes interfering with the government’s policy in the fight against corruption by lobbying its own proposals to change it,” TI’s statement said.… Continue Reading
Under the general topic of graft, school corruption is a well-recognized sub-genre.
In Vietnam, where schoolhouse bribery is ‘an open secret,’ twenty-two teachers and staff recently received written warnings at the Hanoi University of Agriculture.… Continue Reading
Bobby Jay Elkin Jr., a former country manager in Kyrgyzstan for tobacco company Dimon Inc, now called Alliance One International, was sentenced yesterday to just three years probation and a $5,000 fine.… Continue Reading
In an unusual tandem settlement, two unrelated U.S. tobacco companies and their foreign subsidiaries today resolved civil and criminal FCPA charges with the SEC and DOJ.
In the criminal cases, two foreign subsidiaries of North Carolina-based Alliance One International Inc.… Continue Reading
Bobby Jay Elkin Jr., a former executive from tobacco company Dimon Inc, now called Alliance One International, pleaded guilty yesterday in federal court in Virginia to a one-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act.… Continue Reading
The SEC said today that it brought a civil enforcement action against four former employees of Dimon, Inc., now Alliance One International, Inc. It charged them with violating the anti-bribery provisions of the Foreign Corrupt Practices Act and aiding and abetting violations.… Continue Reading
There’s no way to measure how much corruption the U.S exports to other countries. But sometimes events reveal what may be happening. The latest case is Kyrgyzstan and a revolution triggered largely by public disgust with so much sleaze.… Continue Reading