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
On the occasion of Roger Clemens’ acquittal Monday for perjury, Nathan Vardi of Forbes catalogued failed white collar prosecutions he said evidenced the DOJ’s abuse of ‘prosecutorial discretion’ and lack of ‘good judgment.’… Continue Reading
Last week in Houston the three KBR-related sentences ranged from 30 months in prison for Jack Stanley to just a year of unsupervised probation for Wojciech Chodan. Jeffrey Tesler was in the middle with 21 months in jail.… Continue Reading
How does the thirty-month prison term Ousama Naaman received last week compare with other FCPA sentences?
It’s near the middle.
Here are some shorter sentences:
In January this year, Antonio Perez received two years in prison in the Haiti Telco case.… Continue Reading
They’re facing up to 30 years behind bars.
The government isn’t likely to ask for jail terms of that length. But prosecutors will want long sentences — probably more like 10 or 12 years.… Continue Reading
During the first quarter of 2011, two earlier FCPA-related indictments were disclosed. And there were four corporate actions, four guilty pleas, including two shot-show defendants and the former KBR middleman Jeffrey Tesler, who was hit with the biggest forfeiture order in FCPA history, and two sentencings of individuals to prison.… Continue Reading
The former director of sales and marketing for Pacific Consolidated Industries (PCI) who pleaded guilty in 2009 to bribing an official from the U.K. Ministry of Defense (MOD) in return for equipment orders was sentenced in December to just six months in prison followed by six months of home confinement.… Continue Reading
Let’s update the list of individuals waiting to be sentenced for violating or conspiring to violate the Foreign Corrupt Practices Act. Since October, Frederic Bourke and William Jefferson have been sentenced and come off the list.… Continue Reading
We count at least thirteen people waiting to be sentenced for violating or conspiring to violate the Foreign Corrupt Practices Act. Both offenses carry a prison term of up to five years.… Continue Reading
During the third quarter, we counted Foreign Corrupt Practices Act enforcement actions involving nine individuals and five corporations. Among the developments: Three FCPA-related trials were completed, all ending badly for the defendants (Bourke, Jefferson and Green).… Continue Reading
The former director of sales and marketing for Pacific Consolidated Industries (PCI) admitted yesterday that he bribed an official from the U.K. Ministry of Defense (MOD) in return for equipment orders.… Continue Reading
Ah, Spring. And the corporate compliance monitors are back in the news. Here’s what’s happening:
It’s an annual event. Democrats in Congress have re-introduced a bill from last year to regulate the way monitors are selected, paid and held accountable.… Continue Reading
A former co-owner and executive of California-based Pacific Consolidated Industries (PCI) pleaded guilty yesterday to violating the Foreign Corrupt Practices Act. Martin Eric Self, 51, of Orange, California pleaded guilty to a two-count information charging him with violating the FCPA by paying more than $70,000 in bribes to a U.K.… Continue Reading