It’s called “What are the odds of getting caught.”
Posts Tagged: Parallel Investigations
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
In 2012, the SEC announced that it would no longer enter into “neither admit nor deny” settlements with companies or individuals who had admitted relevant facts in parallel DOJ dispositions. Since then, the SEC has made good on that promise by requiring such factual admissions in resolving FCPA cases, but only to the extent covered by the DOJ pleadings — implicitly leaving other allegations under the usual neither admit nor deny approach.… Continue Reading
Last week, Chinese police detained employees at the Shanghai, Beijing, and Changsha offices of a British pharmaceutical giant as part of an investigation into possible economic crimes committed by the company in China, including bribery.… Continue Reading