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
It’s probably fair to say that the corporate poster child of FCPA enforcement, right now, is Siemens. But that’s about to change.
A couple years ago, if a law school professor had written up this fact pattern as a hypo on an exam, it would have been dismissed as unrealistic.… Continue Reading
The FCPA Blog recently covered the plight of whistleblower and former U.N. diplomat James Wasserstrom, who was forced from his job after cooperating with an internal investigation of corruption by U.N.… Continue Reading
Israel arrested a former judge and state electric company executive who allegedly took bribes from Siemens in exchange for huge contracts to supply gas turbines.
Dan Cohen was extradited this weekend from Peru after being a fugitive from Israel since 2005.… Continue Reading
A federal district court judge in New York City today threw out the SEC’s civil FCPA enforcement action against a former Siemens executive accused of helping pay $100 million in bribes to officials in Argentina.… Continue Reading
New scholarship from Elizabeth Spahn tackles the opportunities and risks behind the new trend of multi-national antibribery enforcement.
It’s a topic crucial to nations joining the war against graft. And it’s no less important to anyone facing the threat of enforcement by two or more countries.… Continue Reading
An influential U.S. shareholder advisor has recommended voting against Siemens’ long time chairman at the company’s annual meeting Wednesday, according to a report by Dow Jones.
A compliance officer for Siemens’ heathcare business in China said in a federal lawsuit this week that he was fired a week after complaining about the company’s risky business practices.
Meng-Lin Liu filed a whistleblower retaliation case against Siemens under the Dodd-Frank Wall Street Reform and Consumer Protection Act in federal court in New York.… Continue Reading
Before the Siemens case and the birth of the modern era of FCPA enforcement, there were the ten elements of an effective compliance program. They came from the U.S. federal sentencing guidelines applicable to corporate defendants.… Continue Reading
On his great Conflict of Interest Blog, Jeff Kaplan posted the ten biggest U.S. corporate criminal fines of all time.
They add up to more than $6.75 billion.
What’s striking, Jeff says, ‘is that fully half of the ten largest federal corporate criminal fines in history were imposed or agreed to in 2012.’… Continue Reading
At a hearing last week before a federal judge in Argentina, Siemens’ former CFO there said a request by the United States to extradite him on FCPA charges should be denied.… Continue Reading
North America:
Mexico: Pemex Sues Siemens Claiming Bribery in Old Refinery Project
Petroleos Mexicanos, Mexico’s state-owned oil company, filed a $1.5 billion lawsuit against Siemens AG and South Korea-based SK Engineering & Construction Co.,… Continue Reading
The SEC got the green light this week from a federal judge to charge two former Noble executives with FCPA-related offenses they committed after February 2007.
Judge Keith Ellison Tuesday refused to dismiss the SEC’s complaint but cut off claims that arose before early 2007 based on the FCPA’s five-year statute of limitations.… Continue Reading