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
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Debevoise & Plimpton LLP said Monday that Kara Novaco Brockmeyer, former chief of the SEC’s Foreign Corrupt Practices Act Unit, is joining the firm’s Washington, DC office.
She’ll be a partner and member of the white collar, regulatory defense, and crisis response groups.… Continue Reading
The Securities and Exchange Commission said Tuesday that Kara Novaco Brockmeyer, Chief of the Enforcement Division’s Foreign Corrupt Practices Act Unit, is planning to leave the agency later this month.
Since 2011, Brockmeyer has led 38 lawyers at the SEC as well as staff accountants and other specialists focusing on violations of the anti-bribery and accounting provisions of the FCPA embedded in the federal securities laws.… Continue Reading
The Securities and Exchange Commission Tuesday announced non-prosecution agreements (NPAs) with two unrelated companies for bribes foreign subsidiaries paid to Chinese officials.
Massachusetts-based internet services provider Akamai Technologies agreed to pay about $652,000 in disgorgement and about $19,400 in interest.… Continue Reading
The SEC Tuesday said it used its first deferred prosecution agreement with an individual in an FCPA case.
FCPA civil charges will be deferred for three years against Yu Kai Yuan, a former employee at PTC’s China subsidiaries, “as a result of significant cooperation he has provided during the SEC’s investigation.”… Continue Reading
Fashion Week 2015 begins on February 12 in New York. Compliance will certainly not be on the agenda and the fashion industry has never attracted the kind of regulatory attention “enjoyed” by industries that rely heavily on public sector sales.… Continue Reading
Over the course of the prior posts in this series, we examined various approaches to what we call “parental controls,” meaning compliance measures aimed at joint ventures and other affiliated entities that a company might employ.… Continue Reading
The theme of this year’s FCPA reporting, detection and enforcement activity is that the bribery of foreign officials is not something the public will tolerate or the U.S. government will trivialize.… Continue Reading
The U.S. Securities and Exchange Commission (SEC) published its 2013 Agency Financial Report this week to detail its results for the President, Congress and public.
By the end of the 2013 fiscal year, the SEC had obtained total penalties and disgorgements of $3.4 billion, an increase from the $3.1 billion awarded the year before, it said in the report.… Continue Reading
It was blockbuster quarter for FCPA enforcement, and April was one of the busiest months on record.
There were five corporate resolutions, including the first-ever double non-prosecution agreements from the DOJ and SEC in the Ralph Lauren case.… Continue Reading
As part of its recent settlement with the SEC, Ralph Lauren Corporation agreed to disgorge $593,000 that was “obtained or retained as a result of the violations discovered during the investigation,” along with $141,846 in pre-judgment interest.… Continue Reading
In a special SEC filing, Ralph Lauren Corporation described its resolution Monday of FCPA offenses with the DOJ and SEC by the first-ever use of dual non-prosecution agreements.
Here’s our post about the history-making settlement.… Continue Reading
Ralph Lauren Corporation will pay $1.6 million in combined penalties to the DOJ and SEC in exchange for unprecedented dual non-prosecution agreements after admitting its Argentina subsidiary paid bribes to government and customs officials.… Continue Reading