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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

We support using BNP penalties for victim restitution

The recently announced BNP sanctions settlement is remarkable in so many ways: the behavior is outrageous, the $9 billion criminal penalty is record-setting, and 13 employees were terminated. However, the most interesting part of the story may be the idea that the DOJ is exploring ways to use the forfeited funds to compensate individuals who may have been harmed by the sanctioned regimes of Sudan, Iran and Cuba.… Continue Reading

The BOTA Foundation explained (Part Nine): How effective was BOTA?

The BOTA Foundation surpassed most of the expectations that its founders had for it. BOTA was able to efficiently and effectively return more than $115 million (the original $84 million associated with corruption plus accrued interest frozen Pictet and Cie Swiss bank account) to poor children, youth and their families.Continue Reading

It’s Simple: The Nigerian Money is the Nigerians’ Money

Friends of the FCPA Blog — Sandy Sierck and Nick Diamond, who represent the Socio-Economic Rights and Accountability Project in Nigeria — have another good idea. For years, SERAP has been petitioning the DOJ and SEC to return enforcement revenues to the real victims of overseas corruption: the citizens of the corrupt governments.… Continue Reading

Orange County woman jailed for stealing nuns’ retirement money

Image courtesy of the Religious of Jesus and MaryAn Irvine, California woman was sentenced Friday to 37 months in federal prison for defrauding a group of Roman Catholic Sisters out of $285,000, which she spent on herself  after promising to use the money to help the nuns buy a retirement home.… Continue Reading

We need an amnesty for financial crimes

Financial crime in its various manifestations is the principal reason many societies around the world remain impoverished and subjected to the most dehumanizing conditions. It seems therefore befitting that those found guilty of financial crimes such as the theft of public resources face the most stringent penal sanctions.… Continue Reading

This should be easy: In England, what’s a bribe?

One of the benefits, apart from the foreign earnings, of  London’s court clogging Russian litigation, has been the collation of principles relating to the English civil law of bribery which can be summarized as follows:

The underlying substantive and remedial policies behind protecting a principal against bribes is an agent’s obligation to act in the best interests of its principal and to avoid a real possibility of potential conflict.

Continue Reading