An attempt by the U.S. government to seize more than $726,000 in allegedly ill-gotten gains is likely to be settled.
A California federal judge ruled that “changed circumstances” warranted the early termination of David Edmonds’s three-year period of supervised release after his 2012 FCPA-related conviction.
Former Control Components Inc. vice president David Edmonds doesn’t face circumstances extraordinary enough to justify ending his sentence prematurely, argued Justice Department prosecutors in a Monday filing.
Choices made by the prosecution team provide powerful instruction on what the DOJ expects public companies to do to prevent and detect FCPA violations and, emphatically, what not to do regarding their obligations when it comes to books and records and accounting controls.
David Edmonds, 62, wants to move to Thailand to be closer to his wife’s family and to be in Southeast Asia for a new job with a Japanese company.
The data corresponds with anecdotal information from lawyers and an annual report of the Securities and Exchange Commission, both of which are seeing big increases in Asian whistleblowing.
The Department of Justice stressed the company’s lack of cooperation as a reason for the steep criminal penalty of $772 million, which did not include a discount.
Deputy Attorney General Jim Cole and Criminal Division chief Leslie Caldwell were among the officials holding a news conference to announce the Alstom Foreign Corrupt Practices Act settlement – much as an earlier generation of officials had done in 2008 to announce the Siemens resolution.
The application of the fugitive disentitlement doctrine is an important issue that warrants Supreme Court review. It is an issue of fundamental fairness for both non-U.S. citizens and the DOJ.
The California-based life science research company reached a settlement with the Justice Department and SEC last week to resolve extensive foreign corruption charges stemming from bribery that occurred in the firm’s Russia and Vietnam branches from 2005 to 2009.
After its Chinese bribery settlement, whistleblowers have emerged all over the world, requiring the British pharmaceutical giant to bring on five new outside firms, according to knowledgeable people.
The California-based pharmaceutical company announced in March that it had set aside $2 million for an FCPA settlement.
The 230-page guide seeks to outline many of the increasing number of anti-corruption laws in countries around the world.
The Committee on Foreign Investment in the United States denied Chinese-owned Ralls Corp. due process in nixing a wind farm purchase on national security grounds, an appeals court ruled. The matter is back before the district judge.
Accurately assessing the bribery risk that a potential business partner or target company poses and taking appropriate measures to prevent corrupt payments in the future is absolutely critical in protecting against liability for third- party conduct under the US Foreign Corrupt Practices Act and for conduct by associated persons under the UK Bribery Act
President Barack Obama speaks at outgoing Attorney General Eric Holder's portrait unveiling ceremony.
Attorney General Eric Holder called for a lower bar to federal civil rights prosecutions in an exit interview with Politico's Mike Allen.