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Editors

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

DOJ: Unaoil bosses have pleaded guilty to FCPA conspiracy

The former CEO and former chief operations officer of Monaco-based Unaoil pleaded guilty in March to arranging millions in bribes to officials in at least ten countries, and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.… Continue Reading

Daniel Patrick Wendt: Did the DOJ give SocGen an unofficial discount?

On June 5, Société Générale SA (or SocGen) agreed to settle Libya-related corruption allegations in a coordinated resolution with U.S. and French authorities. As part of the settlement, the company entered into a Deferred Prosecution Agreement (DPA) with the Department of Justice over FCPA charges, while one of its subsidiaries, SGA Société Générale Acceptance NV, pled guilty on a count of conspiring to violate the FCPA. … Continue Reading

SEC completes Legg Mason FCPA enforcement action

The Securities and Exchange Commission issued an administrative order Monday that completed the feds’ earlier $64 million FCPA enforcement action against investment manager Legg Mason Inc.

On June 4, Maryland-based Legg Mason entered into a non-prosecution agreement with the DOJ to resolve FCPA violations in Libya.… Continue Reading

Legg Mason reserves $67 million for FCPA settlement

Fund manager Legg Mason, Inc. said Wednesday it expects a settlement soon of a Foreign Corrupt Practices Act investigation into a unit that managed money for the Libyan government.

The investigation concerns Permal Group’s Libya deals from 2005 to 2007.… Continue Reading

Sarkozy faces corruption charges

Former French president Nicolas Sarkozy was charged Wednesday with corruption and taking illegal campaign contributions from the Libyan government.

Police took him into custody in Paris Tuesday for questioning.

Prosecutors believe part of his successful 2007 campaign was illegally financed by as much as €50 million ($61 million) from Libya’s government.… Continue Reading

Och-Ziff middleman pleads guilty to Africa bribes

The son of a former Prime Minister of Gabon pleaded guilty in federal court Friday to conspiring to violate the Foreign Corrupt Practices Act by bribing government officials in Africa.

Samuel Mebiame, 43, a Gabonese national, was a consultant to a mining company owned by an Och-Ziff joint venture.… Continue Reading

Och-Ziff settles with SEC, DOJ for $412 million

Och-Ziff Capital Management Group resolved one of the biggest FCPA enforcement actions ever Thursday, agreeing to pay the DOJ and SEC $412 million for criminal and civil violations.

Och-Ziff CEO Daniel Och agreed to pay nearly $2.2… Continue Reading