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
In early December, short seller Muddy Waters published a negative report about OSI Systems, Inc., calling the company “rotten to the core.”
Muddy Waters’ main allegation was that OSI used corruption to win a 15-year turnkey security scanning contract from the Albania government worth up to $250 million.… Continue Reading
OSI Systems, Inc. said in a securities filing Thursday that the DOJ and SEC are investigating the company’s compliance with the Foreign Corrupt Practices Act.
California-based OSI Systems said the investigations followed a report by a short seller.… Continue Reading
Lawyers for executives of collapsed Sino-Forest Corp., a China-based company that was once a high flyer on the Toronto Stock Exchange, said their clients never committed fraud but followed common business practices accepted in China.… Continue Reading
After a recent report by Muddy Waters Research called NQ Mobile “A ‘Massive Fraud’ Worth $0,” the Chinese target fought back, saying Muddy Waters’ accusations were out of the question.
NQ Mobile reportedly has brought a civil lawsuit against Muddy Waters in China.… Continue Reading
The Securities and Exchange Commission Wednesday charged husband-and-wife executives and their China-based company with FCPA books and records and internal controls violations in a non-bribery case. The couple allegedly overstated the company’s revenues and diverted proceeds from a securities offering for their personal use.… Continue Reading