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Editors

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

General Cable expects to disgorge $24 million for Angola bribes

Image courtesy of General Cable Kentucky-based General Cable Corporation said it reserved $24 million that’s “likely to be disgorged” to the SEC in a possible settlement of FCPA offenses.

In a securities filing Wednesday, the company said the $24 million is the amount of profit it made from bribe-tainted sales in Angola.… Continue Reading

Ex Portugal PM detained for alleged graft

Portugal’s former prime minister was detained at the Lisbon airport for questioning on November 21 and three days later was taken into custody for suspected tax fraud, money laundering, and corruption.… Continue Reading

FCPA, Bribery Act have a role in the fight against terrorism

There still seems to be some debate as to whether the FCPA, the UK Bribery Act, and other international focused anti-bribery legislation aids in the fight against terrorism. But the continuum from corruption to crime to terrorism is well-established and arguing that laws such as the FCPA have no place in a country’s overall security regime seems to be me to be naive at best.… Continue Reading

TI Report Links European Graft To Debt Woes

A new report released by Transparency International Wednesday linked corruption in Europe with debt problems there. Greece, Spain, and Portugal were named as economies most threatened by graft and debt.

The Wall Street Journal quoted Finn Heinrich, TI’s research director, as saying: ‘The reasons for the [debt] crisis differ from country to country, but countries that are worst hit by the crisis are also those where corruption is most pervasive and where there’s a lack of integrity in the public system.’… Continue Reading

Greece’s Other Problem

Corruption problems underlie the Greek debt crisis and may prevent an economic recovery, according to a new study by Transparency International.

TI-Greece’s ‘National Integrity System assessment’ found that 98% of Greeks believe corruption is a major problem in their country and 88% think bribery is part of the business culture.… Continue Reading