Despite beginning to open up its once-notoriously secret banking system, Switzerland remains the go-to destination for the more discerning kleptocrats and assorted lawbreakers.… Continue Reading
Rarely a month passes without the U.S. “maximum pressure” campaign against the likes of Venezuela and Iran making headlines, but a lesser-known, yet similarly robust, sanctions offensive is being quietly waged by the Treasury’s Office for Foreign Assets Control.… Continue Reading
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
An asphalt company based in Boca Raton, Florida pleaded guilty Tuesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in three South American countries.… Continue Reading
One luxury item is showing up more often in alleged graft-related asset seizures: wrist watches, especially the high-end variety with eye-watering price tags.… Continue Reading
A Miami-based businessman who pleaded guilty to a single FCPA conspiracy count was sentenced Wednesday to 51 months in federal prison.
Luis Alberto Chacin Haddad, 54, bribed officials at Venezuela’s state-owned electricity company, Corpoelec, in exchange for $60 million in contracts for Florida-based businesses he owned with a co-conspirator.… Continue Reading
Two businessmen pleaded guilty in federal court in Miami to bribing a former Venezuela government minister and another official at the state-owned electric utility in exchange for $60 million in contracts for their Florida-based businesses.… Continue Reading
An executive who controlled several U.S.-based companies pleaded guilty Wednesday to bribing officials at subsidiaries of Venezuela’s state energy company.
Jose Manuel Gonzalez Testino (Gonzalez), 49, of Miami, Florida, pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act, one count of violating the FCPA, and one count of failing to report foreign bank accounts. … Continue Reading
A federal indictment unsealed Tuesday charged the president of a Miami-based company and its former sales rep with bribing officials at Venezuela’s state energy company to win work and receive payment of past due invoices.… Continue Reading
A former Houston-based procurement officer for Venezuela’s state energy company who was supposed to be helping the DOJ investigate graft at the company pleaded guilty Monday to obstructing the government’s investigation.… Continue Reading
Venezuela’s former national treasurer helped prosecutors bring an FCPA case against a media tycoon, and agreed as part of his own plea deal to forfeit $1 billion in personal assets.… Continue Reading