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
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Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Nearly half of Vietnam’s companies said they have had to bribe officials in order to do business, according to a survey released last month by the Vietnam Chamber of Commerce and Industry.… Continue Reading
CCI did it. So did Nexus Technologies, Nam Nguyen, Kim Nguyen, and An Nguyen. And now Flavio Ricotti has done it too.
They’ve all pleaded guilty in FCPA cases to violating or conspiring to violate the Travel Act.… Continue Reading
By Thomas Fox
As December is a time for reflection on the past twelve months, I have been considering the FCPA year. I submit for your consideration my Top 10 Favorite FCPA Enforcement Actions for 2010.… Continue Reading
In a post a few months ago, we looked at some of the biggest cases in recent years. Then we asked whether FCPA-related mega settlements are replacing individual prosecutions.
That subject popped up at Tuesday’s hearing about FCPA enforcement, when Senator Specter asked Mike Koehler about the DOJ’s tally of individual prosecutions.… Continue Reading
The DOJ said today that three siblings who were former employees of Nexus Technologies Inc., and a former partner in the Philadelphia-based company, were sentenced late yesterday for their roles in a conspiracy to bribe Vietnamese government officials.… Continue Reading
If the DOJ and SEC are prosecuting corporations instead of individuals for FCPA violations — an idea raised in another post — the numbers should show it. So let’s take a look.… Continue Reading
The end came last month for a privately-held American company called Nexus Technologies. It pleaded guilty to conspiracy and violating the Foreign Corrupt Practices Act and the Travel Act. As part of its plea, Nexus admitted to operating “primarily through criminal means” — and it agreed to cease operations.… Continue Reading
The Justice Department said Philadelphia-based export company Nexus Technologies Inc. and three employees pleaded guilty today to bribing Vietnamese officials.
Nexus pleaded guilty to conspiracy, and to violating the Foreign Corrupt Practices Act, and the Travel Act in connection with commercial bribes and money laundering.… Continue Reading
It’s not just about corporations anymore. FCPA enforcement is now about individuals too — and in a big way. Here’s this year’s FCPA roll call of real people: Gerald and Patricia Green, whose Foreign Corrupt Practices Act trial opened in LA this week.… Continue Reading
A former executive of a Philadelphia-based export company pleaded guilty Monday to being part of a conspiracy to bribe Vietnamese government officials in violation of the Foreign Corrupt Practices Act.
Joseph T.… Continue Reading
The Virginia-based physicist who sold controlled space-launch technology to China by bribing government officials there has been sentenced to 51 months in prison. Shu Quan-Sheng (left), 68, a native of China, naturalized U.S.… Continue Reading
Last month we reported the conviction in a Tokyo court of three Japanes executives and their company on charges of bribing a senior Vietnamese government official. The illegal payments of $820,000 were intended to secure contracts for road projects backed by Japanese aid money.… Continue Reading