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Editors

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

ABB Reaches $58 Million Settlement (Updated)

Electrical technology giant ABB Ltd of Switzerland reached a settlement Wednesday with the DOJ of criminal FCPA charges and will pay a fine $19 million. And in resolving civil charges with the SEC, the company will disgorge $22.8… Continue Reading

Former Fugitive Now Waits And Hopes

Ousama Naaman, Innospec’s agent who pleaded guilty in June to criminal FCPA and conspiracy charges, is scheduled to be sentenced in federal court in Washington, D.C. on December 19, 2010. He faces up to ten years in prison but hopes to serve his time in a Canadian jail.… Continue Reading

GE In $23 Million SEC Settlement

General Electric Company, whose compliance program is among the most respected and admired in the world, has settled civil violations of the Foreign Corrupt Practices Act with the Securities and Exchange Commission.… Continue Reading

Naaman’s Guilty Plea

Ousama M. Naaman, a dual citizen of Canada and Lebanon, pleaded pleaded guilty Friday in Washington, D.C. to conspiracy and to violating the Foreign Corrupt Practices Act. He was charged in a June 24, 2010 superseding information with engaging in an eight-year conspiracy to defraud the United Nations oil-for-food program and bribing Iraqi officials.… Continue Reading

The Gallic Shrug

French energy giant Total S.A. said bribery allegations it disclosed last week for its role in the U.N. oil for food program in Iraq are nothing new. A Paris judge brought the charges on February 22, the company said in its annual report released Friday.… Continue Reading

Innospec’s $40 Million Global Settlement

Specialty chemical maker Innospec Inc. resolved more than a dozen criminal charges in the U.S. and U.K. today, including Foreign Corrupt Practices Act (FCPA) and U.N. oil for food program offenses, and violations of the U.S.… Continue Reading

Innospec Charged In U.K.

Britain’s Serious Fraud Office said Thursday it has charged Innospec Limited, a U.K. subsidiary of Delaware-based Innospec Inc., with “conspiracy to corrupt, contrary to Section 1 of the Criminal Law Act 1977.” … Continue Reading

Innospec Expects Settlement

Innospec Inc. said in its latest Form 10-K that it hopes to settle bribery charges related to the U.N.’s oil-for-food program in Iraq with the Justice Department, the Securities and Exchange Commission, and the U.K.’s… Continue Reading

Surfing The SFO

Director Richard Alderman says, “The Serious Fraud Office has changed significantly over the past year. We have become much more proactive and innovative in our approach to combating serious fraud and corruption.”Continue Reading