These paper tax receipts are ripe for abuse and should be scrutinized for corruption risk.
Corporations like the certainty of a deferred prosecution agreement, though DPAs have been criticized for lacking a deterrent effect. Is the trend now taking root for individuals?
The defendants cite a recent Fifth Circuit opinion that opposes the SEC’s statute of limitations interpretation.
Monitor costs for the tobacco company are up for the quarter over last year, which already saw increased expenses.
The SEC has failed to say who took bribes or prove corrupt intent, the current and former Noble Corp. executives say.
An auditor’s travails highlight the problem of Chinese state secrecy laws for Western law and accounting firms.
The North Carolina-based tobacco company Alliance One International Inc. reported increased monitor costs for its recently ended fiscal year.
Avi Weitzman is joining Gibson, Dunn & Crutcher in its New York office.
Swiss-owned Noble Corp. CEO Mark A. Jackson, Director and Division Manager for the Nigerian subsidiary James J. Ruehlen and former controller Thomas F. O’Rourke were all charged by the U.S. with violations of the Foreign Corrupt Practices Act. UPDATED: 2/25 with comment from Jackson’s attorney.
The commission’s expanded authority to levy administrative monetary penalties has been used in foreign bribery cases.
Michael Diamant, whose practice focuses heavily on the Foreign Corrupt Practices Act, is one of eleven new partners at Gibson, Dunn & Crutcher LLP.
The tobacco company, which paid around $20 million last year to settle a foreign bribery case, hired Gibson, Dunn & Crutcher as its three-year compliance monitor.
The judge overseeing the prosecution of CCI executives concluded in a tentative order that the question of whether state-owned companies fall under the FCPA is a question of fact.
Companies that pay taxes to the government could count as “instrumentalities” under the Justice Department’s understanding of the law, defense lawyers said.
Prosecutors from the Southern District of New York have joined the investigation, as more than a dozen top law firms have been hired to represent executives at the company.
James Comey and Kenneth Wainstein held senior positions at the Justice Department during the Bush administration.
JP Morgan Chase & Co. is among the big banks adding compliance positions.
The 2010 legal tab for the door-to-door beauty products company stood at $95 million.
A ruling in the case could challenge the government theory that employees of state-owned companies count as “foreign officials” under the U.S. foreign bribery law.
Gibson, Dunn & Crutcher LLP partner Robert Blume says the modern False Claims Act has become an “all-purpose anti-fraud statute” being wielded with increasing force by the U.S. to recoup money from contractors alleged to have defrauded the government.
Since Congress revamped the Civil War-era statute in 1986, the government has recovered $27 billion from contractors, [...]
The Justice Department’s Criminal Fraud Section secured $1 billion in penalties through FCPA enforcement in 2010, the highest amount in the 33-year history of the law.
The use of deferred and non-prosecution deals in the FCPA context dwarfed every other type of corporate crime last year.
The Justice Department had requested 37 months; the defendant got six. The sentence was the latest to fall short of prosecutor recommendations for a Foreign Corrupt Practices Act defendant.
U.S. enforcement authorities asked the computer maker for information about two of its former executives and about other personnel in Russia, Germany, Austria, Serbia, and the former Soviet republics. UPDATED 11:53 a.m.
The National Whistleblowers Center submitted a FOIA request to the Securities and Exchange Commission seeking documents on the agency’s meetings with corporate executives.
The lawsuit claims that current and former directors of computer maker Hewlett-Packard Co. had “actual knowledge of H-P’s illegal conduct, yet permitted it to continue unabated.”
Criminal defense lawyers with Foreign Corrupt Practices Act experience on their resumes are much in demand as the Department of Justice steps up its enforcement.
The Justice Department and the Securities and Exchange Commission are investigating allegations that the computer maker paid bribes in Russia to secure government contracts.
The move comes less than one week after the firm helped Generic Electric Co. settle charges that the company paid bribes in exchange for supply contracts in Iraq.
ERNST & YOUNG LLP's BRIAN LOUGHMAN ON TRENDS IN GLOBAL FORENSIC ACCOUNTING: Loughman, the Americas leader of Fraud Investigation & Dispute Services, discusses how increased government enforcement, awareness of corruption risk and an emphasis on proactive compliance assessments by corporations is driving double-digit growth in the New York-based practice he leads.
FCPA TRIAL FIRM OF THE YEAR: Finalists are announced in Main Justice's 2013 Best FCPA Lawyer Client Service Awards category, Trial Firm of the Year. The diamond award went to Eric Bruce and Matt Menchel of Kobre & Kim LLP for their defense of two FCPA sting trial defendants.
Mary Jacoby is the founder of Main Justice and Editor-in-Chief of Just Anti-Corruption.
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Dealing with complex issues of fraud, regulatory compliance and business disputes can detract from efforts to achi...
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- Owner of Louisiana-based Health Care Company Sentenced in Texas to 97 Months in Prison in Connection with $6.7 Million Medicare Fraud Scheme
- Former University Professor Charged in California with Engaging in Sexual Conduct with Minors and Producing Child Pornography
- Axius CEO Roland Kaufmann Sentenced for Conspiracy to Pay Bribes in Stock Sales
- Former Security Contractor Executives Sentenced for Illegally Obtaining More Than $31 Million Intended for Disadvantaged Small Businesses
- Philadelphia Drug Kingpin Sentenced to Death, Co-defendant to Face Life in Prison
- Philadelphia La Cosa Nostra Associate Pleads Guilty to Loan Sharking
- County Commissioner Sentenced for Attempted Extortion and Bribery
- Managing Partner of U.S. Broker-Dealer Charged in Manhattan Federal Court with Participating in Massive International Bribery Scheme
- Former Chief Executive of Mortgage Servicing Company Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank
- Former Chief Executive of Mortgage Servicing Company Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank
- Anti-Corruption Portal of the Americas
- City of London Police
- Global Financial Integrity
- GRECO
- Organization for Economic Co-operation and Development
- Pacer (U.S. Court Documents)
- State Department Bureau of International Narcotics and Law Enforcement Affairs
- TRACE International
- Transparency International
- U.K. Courts
- U.K. Ministry of Justice
- U.K. Office of Fair Trading
- U.K. Serious Fraud Office
- U.S. Department of Justice
- U.S. Department of Justice FCPA Page
- U.S. Federal Bureau of Investigation
- U.S. House Committee on Oversight and Government Reform
- U.S. House Permanent Subcommittee on Investigations
- U.S. Internal Revenue Service Criminal Investigations
- U.S. Securities and Exchange Commission
- U.S. Securities and Exchange Commission Litigation Releases
- U.S. Senate Permanent Select Committee on Intelligence
- United Nations Convention Against Corruption
- World Bank Governance and Anti-Corruption
- World Economic Forum - Corruption Initiative