The IRS recently released an internal Chief Counsel Advice Memorandum that said Section 162(f) of the Tax Code prohibited an FCPA defendant from deducting the disgorged amount.
According to the SEC complaint, a subsidiary of a U.S.… Continue Reading
An Indiana-based furniture company that filed a federal whistleblower lawsuit against a competitor for evading U.S. import duties on deliveries from China will collect $2.25 million as part of a settlement.… Continue Reading
For those who think the U.S. government shouldn’t be concerned with the Petrobras scandal, allegations of bribery and corruption have reached the great state of Texas.
As reported in the Houston Chronicle, in an article entitled, Scandal in Brazil Snares Refinery, Mihir Zaveri, Susan Carroll and Ben Tavener wrote about a refinery just outside Houston, in Pasadena which has become a focal point in the ongoing Petrobras bribery and corruption scandal.… Continue Reading
Oil is hovering around $50 per barrel. For most of the U.S. economy this drop in oil prices has provided a much-needed economic boost. One piece on the NPR website said “economists have suggested the big drop in oil prices is a gift to consumers that will propel the economy.”… Continue Reading
Dallas Airmotive Inc., an aircraft engine maintenance, repair, and overhaul firm based in Grapevine, Texas, admitted Wednesday that it bribed Latin American officials to win government contracts.
The company will pay a $14 million criminal penalty to resolve the FCPA offenses.… Continue Reading
Job Title: Compliance Officer – AML Investigations
Employer: JPMorgan Chase & Co.
Location: San Antonio, Texas
This position is part of the firms AML Investigation Unit which is responsible for money laundering and terrorist financing cases and projects. … Continue Reading
Eric Holder Jr. announced his resignation as U.S. attorney general Thursday. His nearly six years in office have seen him deal with everything from trials for terrorists to the ongoing protests in Ferguson, Missouri, to enforcement actions such as the whopping $8.9 billion levied against BNP Paribas for transferring billions of dollars on behalf of several countries blacklisted by the United States.… Continue Reading
A campaign manager was arrested Thursday and accused of paying for votes in the November 2012 school board election in Donna, Texas.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S.… Continue Reading
The jailed former chief of refining at Brazil’s state-run oil company has reportedly confessed to taking a bribe of about $636,000 in connection with Petrobras’ purchase of a refinery in Texas.… Continue Reading
The former refining chief of Brazil’s state oil company Petrobras has alleged that dozens of the country’s lawmakers and top officials took bribes and kickbacks from the state-owned oil giant.