FCPA-related jury trials are rare. In some years there might be one but in many years there are none. This year, however, there were three, ending in convictions of four defendants.… Continue Reading
Imagine your house is on fire. In the front of the house, you have a fire department working tirelessly to put out the fire with water. In the back, someone is spraying your house with gasoline.*… Continue Reading
The former owner and president of a Pennsylvania consulting business pleaded guilty Wednesday to violating the Foreign Corrupt Practices by bribing an official at the European Bank for Reconstruction and Development.… Continue Reading
Tomas Clarke, a former senior vice president at New York-based Direct Access Partners who worked in the firm’s Miami office, was sentenced to two years in prison Tuesday for his role in bribing a Venezuela bank official.… Continue Reading
The former chief executive officer of Direct Access Partners LLC and a managing director were each sentenced to four years in prison Friday for bribing a Venezuela state bank official in return for bond trading business.… Continue Reading
A federal grand jury in Philadelphia indicted the former owner and president of the Chestnut Consulting Group Inc. Tuesday for bribing an official of an international development bank.
Dmitrij Harder, 42, a Russian national living in Huntingdon Valley, Pennsylvania, was charged with one count of conspiracy to violate the FCPA and Travel Act, five counts of violating the FCPA, five counts of violating the Travel Act, one count of conspiracy to commit international money laundering, and two counts of money laundering.… Continue Reading
The former chief executive officer and an ex-managing director of U.S. broker-dealer Direct Access Partners LLC pleaded guilty Wednesday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.… Continue Reading
The former chief executive officer of Direct Access Partners LLC and a former partner at the brokerage firm were charged in federal court in New York Monday for bribery involving Venezuela’s state bank.… Continue Reading
A former vice president from Venezuela’s state economic development bank pleaded guilty Monday and agreed to cooperate with prosecutors investigating a massive bribery and fraud scheme by a U.S. broker.
Maria de los Angeles Gonzalez de Hernandez, 55, admitted in federal court in New York to taking $5 million in kickbacks from Direct Access Partners LLC in exchange for bond-trading business from her employer, Banco de Desarrollo Económico y Social de Venezuela (Bandes).… Continue Reading
The DOJ said Friday another broker from Direct Access Partners pleaded guilty to bribing foreign officials in Venezuela in exchange for bond trading work.
Jose Alejandro Hurtado pleaded guilty in New York federal court to six counts of conspiring to violate the Foreign Corrupt Practices Act, to violate the Travel Act, and to commit money laundering, as well as substantive counts of the offenses.… Continue Reading