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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

OFAC adds Singapore companies, others to North Korea sanctions list

The U.S. Treasury Department’s Office of Foreign Assets Control Tuesday put more entities and individuals from China, Russia, Singapore and Namibia on the North Korea sanctions list.

OFAC said the blocked companies and people bought coal, minerals or oil from North Korea or supported its weapons programs.… Continue Reading

Captain pleads guilty in Navy’s ‘worst-ever fraud and bribery scandal’

A U.S. Navy captain admitted being bribed with parties and prostitutes while sneaking proprietary information to foreign defense contractor Leonard Glenn Francis and his Singapore-based firm, Glenn Defense Marine Asia.

Jesus Vasquez Cantu, 59, of Silverdale, Washington, pleaded guilty in federal court Friday to one count of conspiracy to commit bribery.… Continue Reading

Navy commander guilty of obstructing Fat Leonard investigation

An active-duty U.S. Navy commander pleaded guilty Tuesday for helping a Singapore-based defense contractor cheat the Navy and obstructing a federal criminal investigation into the overbilling fraud.

Bobby Pitts, 48, of Chesapeake, Virginia is set to be sentenced on December 1 in federal court in San Diego.… Continue Reading

U.S. jails two Singaporeans for Fat Leonard fraud

Two former executives of a Singapore-based defense contractor were sentenced to prison Friday for helping their employer in a $35 million fraud against the U.S. Navy.

Neil Peterson, the former vice president for global operations at Glenn Defense Marine Asia or GDMA, was sentenced in San Diego federal court to 70 months.… Continue Reading

Andy Spalding on Bhutan: An anti-corruption movement like no other

Bhutan — the tiny Himalayan kingdom nestled between China and India — now writes an anti-corruption story unlike any I have seen, and in the best of ways. 

Deliberately isolated from the outside world and its geopolitical machinations, Bhutan has declined to establish diplomatic relations with the United States, China, and Russia alike.… Continue Reading

1MDB: DOJ forfeiture complaints now target $1.7 billion

The Justice Department filed civil forfeiture complaints Thursday against $540 million in assets allegedly bought with money looted from a Malaysian sovereign wealth fund.

The DOJ has now filed forfeiture actions against nearly $1.7 billion in assets linked to 1Maylasia Development Berhad.… Continue Reading

Singapore fines Credit Suisse, UOB for 1MDB-related offenses

Singapore’s central bank Tuesday fined Credit Suisse and United Overseas Bank for breaching anti-money laundering rules in connection with Malaysian sovereign wealth fund 1Malaysia Development Berhad.

The Monetary Authority of Singapore (MAS) said in a statement it fined Credit Suisse about $505,000 and UOB about $650,000.… Continue Reading

Admiral jailed 18 months for lying about Fat Leonard

U.S. Navy Rear Admiral Robert Gilbeau was sentenced to 18 months in prison Wednesday for lying about his 20-year relationship with Leonard Glenn Francis, the owner of the foreign defense contractor at the center of a massive bribery and fraud scandal.Continue Reading