News and commentary about white-collar crime, enforcement, and compliance
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
The SFO’s decade-long investigation of Paris-based Alstom ended Monday with the sentencing of a UK subsidiary for bribery in Tunisia.… Continue Reading
Former Alstom executive Nicholas Reynolds was found guilty Wednesday in a UK court for his role in bribing Lithuanian officials for power station contracts.
Reynolds, 53, a UK citizen, was the global sales director for Alstom Power Ltd’s boiler retrofits unit.
He was convicted in the Blackfriars Crown Court in London of conspiracy to bribe officials in a Lithuanian power station and senior Lithuanian politicians in order to win two contracts worth $274 million to perform upgrades, the SFO said.
Alstom companies paid more than $5.7 million in bribes to secure the contracts.… Continue Reading
Budapest Metro (Image courtesy of Alstom)The UK Serious Fraud Office said Tuesday that it charged another former Alstom executive for bribing foreign officials.
The SFO charged Jean-Daniel Lainé when he appeared at Westminster Magistrates’ Court.… Continue Reading