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
An FCPA anti-bribery offense requires five essential elements: (1) Corruptly (2) paying or promising to pay (3) anything of value (4) to a foreign official (5) for the purpose of obtaining or retaining business or securing any improper advantage.… Continue Reading
The old Chinese saying “money and power always come together” acknowledges the prevalence of using political power to gain business advantage in China. In ancient China, governmental officials opened their own businesses, which earned them the title “Red Hat Businessmen” alluding to the official hat under the Qing Dynasty of China.… Continue Reading
Joseph Sigelman, who served as a former co-CEO of PetroTiger Ltd., is the latest FCPA defendant to argue that employees of state-owned enterprises aren’t “foreign officials” under the FCPA.
He was charged in May with bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.… Continue Reading
In Marc Alain Bohn’s FCPA Docket yesterday, there was important news about three individuals facing sentencing in the Control Components Inc. case.
On February 1, prosecutors asked the court to sentence Mario Covino, Richard Morlok, and Flavio Ricotti to probation and no jail time.… Continue Reading
David Edmonds, a former vice president of California-based Control Components Inc., was jailed for four months at his sentencing Monday for violating the FCPA, followed by four months of home confinement.… Continue Reading
The former CEO of Control Components Inc. was sentenced to four months in prison yesterday and ordered to pay a $20,000 fine.
Stuart Carson, 72, of San Clemente, California, pleaded guilty to one count of violating the FCPA.… Continue Reading
In a court filing late last week, the DOJ said Hong Rose Carson, the former sales director for Control Components Inc. in China and Taiwan, should be sentenced to just six months of home confinement and fined $20,000.… Continue Reading
As Mike Koehler noted yesterday, the DOJ has issued its first Opinion Procedure Release of 2012.
The release is dated September 18 but didn’t appear on the DOJ’s website until this week.… Continue Reading
There was just one corporate enforcement action during the second quarter of the year. During the same period last year, there were five, and two in 2010.
But the Morgan Stanley declination made big news during the second quarter.… Continue Reading
David Edmonds, the former vice president of worldwide customer service at California-based Control Components Inc. (CCI), pleaded guilty Friday to violating the Foreign Corrupt Practices Act.
He’s the seventh former CCI executive to plead guilty to FCPA charges.… Continue Reading
Chris Matthews of the Wall Street Journal reported today that Paul Cosgrove will appear in federal court Tuesday and plead guilty to charges stemming from a global bribery scheme at Control Components Inc.… Continue Reading
Without any appellate record to guide them on the issue of ‘foreign officials,’ should Joel Esquenazi and Carlos Rodriguez have gone to trial? Or should they have plea-bargained for shorter sentences?… Continue Reading