Toyota discloses ‘possible anti-bribery violations’
Harry Cassin
March 18, 2021
Japan’s Toyota Motor Corporation said in an SEC filing Thursday that it reported “possible anti-bribery violations” to the DOJ and SEC.… Continue Reading
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
Sorry, but the NDAA did not just redefine disgorgement
David Levintow
February 23, 2021
Over a presidential veto, Congress recently passed the 2021 National Defense Authorization Act (NDAA), H.R. 6395. Buried over 1,000 pages into the bill is an amendment to the Securities Exchange Act of 1934.… Continue Reading
Lost in translation: Understanding the FCPA in a global, virtual world
Julie DiMauro
November 16, 2020
Looking back, I guess you could say any predictions that FCPA prosecutions would go by the wayside over the last four years were incorrect, as the number of cases brought and penalty amounts have been high and the spotlight on the exposure of global corporations to corruption unwavering. … Continue Reading
Wall Street bank earns top spot on FCPA Blog top ten list
Harry Cassin
October 26, 2020
Goldman Sachs Group Inc. shattered our top ten list with a $3.3 billion FCPA settlement with the U.S. Department of Justice and Securities and Exchange Commission, sending it straight to number one.… Continue Reading
Brazil holding company agrees to pay $285 million to settle FCPA violations
Harry Cassin
October 14, 2020
São Paulo-based conglomerate J&F Investimentos pleaded guilty Wednesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in Brazil. … Continue Reading
World Acceptance Corporation pays SEC $21.7 million to resolve “bags of cash” FCPA offenses
Harry Cassin
August 6, 2020
World Acceptance Corporation agreed Thursday to pay the SEC $21.7 million in penalties and disgorgement to resolve FCPA offenses in Mexico.… Continue Reading
Supreme Court puts new limits on SEC’s use of disgorgement
Harry Cassin
June 22, 2020
The Supreme Court today published an opinion that limits the SEC’s ability to use disgorgement without considering and deducting legitimate business expenses, making a significant change to how corporate FCPA settlements will be reached with the agency.… Continue Reading
Herbalife reserves $123 million to settle China FCPA investigation
Harry Cassin
May 8, 2020
LA-based Herbalife Ltd. has reserved $123 million to settle FCPA offenses, following the indictment last year of two company executives charged with spending $25 million on entertainment and gifts for Chinese officials.… Continue Reading
Eni subsidiary paid ‘virtual’ intermediary $215 million under sham agreements
Harry Cassin
April 20, 2020
Italian oil giant Eni S.p.A agreed Friday to settle FCPA offenses related to its subsidiary’s use of a “wholly unequipped” intermediary to win government oil contracts in Algeria.… Continue Reading
SEC charges former Goldman Sachs exec with ‘egregious’ FCPA violations
Harry Cassin
April 14, 2020
The SEC charged a former Goldman Sachs executive Monday with FCPA violations stemming from his alleged bribery plot to help a Turkish energy company win a power plant contract in Ghana.… Continue Reading
Practice Alert: Is every email another FCPA violation?
Bill Steinman
March 10, 2020
Last month, while all eyes in the FCPA world were on the acquittal of former Alstom executive Lawrence Hoskins in the U.S. District Court for the District of Connecticut, a far more significant FCPA decision was delivered a bit further down the coast by Judge Kevin McNulty of New Jersey’s federal trial court.… Continue Reading
How do you calculate FCPA settlement amounts?
Harry Cassin
February 21, 2020
In January, Airbus entered into a $4 billion global settlement to resolve bribery offenses. Why did the FCPA Blog assess Airbus’ FCPA penalty at about half that number for the top ten list?… Continue Reading