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
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
The Canadian Broadcasting Corporation has done a tremendous job of detailing the fall from grace of engineering giant SNC-Lavalin’s former $5 million-per-annum CEO, Pierre Dunhaime, after the company become mired in a major corruption scandal which has gripped Canada and already claimed political scalps. … Continue Reading
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
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
In 2007 Dick Cassin had the idea of starting the FCPA Blog. His mission: “to help compliance professionals and others everywhere understand how corruption happens, what it does to people and institutions, and how anti-corruption laws and compliance programs work.”… Continue Reading
Legg Mason Inc., a Maryland-based investment management firm, settled FCPA violations in Libya caused by its partner Société Générale S.A., by agreeing Monday to pay $64.2 million in penalties and disgorgement.… Continue Reading
In the first coordinated enforcement action by the DOJ and French authorities in an overseas corruption case, a Paris-based bank agreed Monday to settle charges that it paid over $90 million in bribes to officials in Libya during the Qaddafi regime.… Continue Reading
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
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
Société Générale said in a disclosure Monday that it is under investigation in France for possible violations of French anti-corruption law and in the United States for Foreign Corrupt Practices Act offenses.… Continue Reading
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 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 million to settle SEC charges that he caused FCPA violations.… Continue Reading