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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A former Julius Baer Group wealth manager pleaded guilty Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuela state oil company.
Matthias Krull, 44, a German national and Panama resident, pleaded guilty to one count of conspiracy to commit money laundering, the DOJ said.… Continue Reading
Image courtesy of the DOJ The owner of a Los Angeles Fashion District import-export business and his son pleaded guilty last week to federal charges for “Black Market Peso Exchange” schemes used by international cartels to launder drug money and send it out of the United States.… Continue Reading
Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
A judge in California may decide whether federal law reflected by the FCPA prevents charging foreign officials with money laundering in connection with bribes they took.
Judge George H. Wu, left, told the Justice Department that circumventing the FCPA’s ban on prosecuting foreign officials by using other charges may be wrong.… Continue Reading