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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A Texas-based sales agent for an aviation business was sentenced in February to a year and a day in federal prison for a plot to bribe Mexican officials in exchange for airplane maintenance contracts.… Continue Reading
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
Image courtesy of Rolls RoyceUK-based Rolls Royce has been accused of bribing an employee of Brazil’s state-controlled oil company to win a $100 million contract to provide gas turbines for oil platforms.… 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
Description
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… 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.
Paulo Roberto Costa was arrested in March on suspicion of money laundering.… Continue Reading