Rupert Murdoch | The FCPA Blog

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Posts Tagged: Rupert Murdoch

Did Theranos forever ruin the fake it till you make it model? Let’s hope so

Richard L. Cassin June 18, 2018

The DOJ Friday charged the founder of Theranos Inc. and the company’s former chief operating officer with defrauding investors, doctors, and patients with phony claims about supposedly disruptive blood-testing technology.

Elizabeth Holmes, 34, and her boyfriend, Ramesh “Sunny” Balwani, 53, were each charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud.… Continue Reading

Theranos: Why don’t start-up investors and boards require compliance officers?

Richard L. Cassin November 30, 2016

Theranos Inc. — once the most valuable medical technology start up in America — is now a slow-motion corporate disaster generating waves of bad news.

It’s a corporate disaster that didn’t need to happen.… Continue Reading

More from 2015: Five sleazy pieces

Richard L. Cassin January 6, 2016

We already talked about some of the biggest compliance and enforcement stories from the year just ended. Here are five more.

Four of these stories show how compliance failures can instantly damage even the world’s best-known brands, that size and power can’t always protect a company or individual, and that in today’s interlocked global economy, graft scandals can spread like a virus.… Continue Reading

DOJ declinations for News Corp and 21st Century Fox

Richard L. Cassin February 3, 2015

Rupert Murdoch’s 21st Century Fox Inc. and News Corp said Monday they won’t be prosecuted by the DOJ for hacking voice mails or making payments to public officials in the UK.… Continue Reading

On secret tape, Murdoch reportedly acknowledges Fleet Street’s ‘corrupt culture’

Richard L. Cassin July 8, 2013

A covert recording from March seems to capture News Corporation chairman Rupert Murdoch suggesting that bribery is part of the Fleet Street culture.

The tape was made during a visit by Murdoch with the staff of his Sun newspaper in London.… Continue Reading

Rumors of News Corp mega-settlement

Richard L. Cassin June 10, 2013

News Corp could pay $850 million or more to settle FCPA violations, according to a report Monday by the Guardian.

Michael Wolfe, who reports on media, said:

In private conversations, executives at Rupert Murdoch’s News Corp are acknowledging ongoing discussions with the U.S.

Wall Street Journal reports internal investigation after China allegations

Richard L. Cassin March 18, 2013

The Wall Street Journal, owned by Rupert Murdoch’s News Corp., said it investigated allegations of bribery in China by its employees.

‘The Justice Department last year opened an investigation into allegations that employees at The Wall Street Journal’s China news bureau bribed Chinese officials for information for news articles,’ according to a report published Sunday by the paper.… Continue Reading

Murdoch Issues Compliance Manifesto

Richard L. Cassin August 15, 2012

News Corp. boss Rupert Murdoch said in a memo to his employees Wednesday that he’s beefing up the company’s antibribery training and reviewing its compliance programs because of the phone hacking and bribery scandal.… Continue Reading