Trend Results : Corrupt Practices Act

Blog Post Results (1-20 of 141)


IRS Addresses Tax Consequences of Disgorgement Payment

In a recent IRS Chief Counsel Advice Memorandum (“CCA”), the IRS addressed the tax consequences of a disgorgement payment made to the Securities and Exchange Commission for violating the U.S. Foreign Corrupt Practices Act (FCPA).

Qualcomm Settles with SEC Over China Incentives

3 months agoTechnology / Mobile : Phone Scoop

Qualcomm today agreed to pay the SEC a fine of $7.5 million to settle an investigation being conducted over potential Foreign Corrupt Practices Act (FCPA) violations. The SEC alleges that Qualcomm improperly gave state representatives of China financial benefits including travel, jobs, gifts, and event tickets. Show More Summary

VimpelCom's Landmark Bribery Settlement - By The Numbers

The bribery case against telecom giant VimpelCom takes US Foreign Corrupt Practices Act cases to a new level. The numbers show why it is one of the most significant coordinated international resolutions in the history of the FCPA.

Ensuring Foreign Corrupt Practices Act Compliance While Conducting Business In India

A longstanding federal investigation into allegations of pervasive corruption at Wal-Mart Stores Inc.’s operations abroad has uncovered evidence of bribery in India. The company is suspected to have made relatively small, but extensive payments to local officials in India totaling millions of dollars. The bribes were paid to help obtain [...]

Wal-Mart’s Mexico practices: the sequel

7 months agoIndustries / Law : Overlawyered

Remember that big New York Times exposé that accused Wal-Mart of massive Foreign Corrupt Practices Act (FCPA)/bribery offenses during its expansion in Mexico? Oops: A high-profile federal probe into allegations of widespread corruption...Show More Summary

Thank goodness this sort of thing doesn’t happen in politics or the media

9 months agoIndustries / Law : Overlawyered

“The Securities and Exchange Commission today announced that BNY Mellon has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing valuable student internships to family members...Show More Summary

White Collar Watch: In Bribery Law, a New Tool to Scrutinize Wall Street

The S.E.C. and Justice Department are using the Foreign Corrupt Practices Act aggressively to police practices that many might consider standard for financial firms trying to win business.

Non-Sequiturs: 07.20.15

10 months agoIndustries / Law : Above the Law

What do Moe Greene (RIP Alex Rocco) and the Foreign Corruption Practices Act have in common? Beside, of course, trying to stand up to the Godfather... [FCPA Compliance and Ethics Blog] Bet this was a sentence you didn't think you'd read after Scalia's whiny dissent in Obergefell: Scalia may have helped the LGBT cause. Show More Summary

How The FOMC Became Institutionally Corrupt

Submitted by Eugen von Bohm-Bawerk via, The Humphrey-Hawkins Full Employment and Balanced Growth act signed into law by President Jimmy Carter on October 27, 1978, tried to translate into practical reality the right of all Americans to get useful paid employment at fair rates by embracing Keynesian economic theory. Show More Summary

Former Oil Company CEO Charged with Bribery

The Former CEO of PetroTiger Ltd. oil company has admitted to conspiring to bribe a foreign government official in violation of the Foreign Corrupt Practices Act (FCPA), the US Department of Justice announced on Monday.

US Defense Contractor Charged With Foreign Corrupt Practices - SEC

US defense contractor FLIR Systems Inc. has violated the Foreign Corrupt Practices Act by providing presents and financing travel for Middle Eastern countries' government officials, the US Securities and Exchange Commission (SEC) said in a release.

Companies Paid Record Sums to Settle Bribery Probes in 2014

Companies paid more than ever before to settle Foreign Corrupt Practices Act investigations in 2014, the latest sign that bribery enforcement remains hot after all these years.

The FCPA in 2014: A Record Fine, But Little Legal Change

U.S. authorities scored a record-breaking fine as they enforced the Foreign Corrupt Practices Act this year, but lawyers said they didn’t see much of the ballyhooed targeting of individuals in bribery cases.

French Co. Alstom Pleads Guilty, Faces Largest FCPA Fine Ever

Several years ago, the Justice Department announced it was cracking down on violations of the Foreign Corrupt Practices Act, the federal statute that makes it a crime to bribe foreign government officials in order to get business. Last week, the French engineering company Alstom interrupted its Merry Christmas to plead......

Agreement Between Alstom and the U.S. Department of Justice

Alstom has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the investigation into alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA).

French Firm to Pay Record $772 Million Penalty for Foreign Bribery Scheme

last yearNews / Crime : FBI News Blog

In what is being called the largest-ever foreign bribery resolution with the Department of Justice, a French power and transportation company today pleaded guilty to violating the Foreign Corrupt Practices Act and agreed to pay a record $772 million fine.

JPMorgan Tried To Find A Legal Way To Hire Chinese Powerbrokers’ Children

Eight years ago, there was much handwringing over the plan. Such as, won’t this violate the Foreign Corrupt Practices Act and lead to an extremely embarrassing criminal investigation one day? And, how we will make sure that the brain-dead...Show More Summary

Gunmaker Smith & Wesson Is Paying $2 Million To Settle Corruption Charges (SWHC, SPX, SPY, IWM)

Gunmaker Smith & Wesson has agreed to pay $2 million to settle with the Securities and Exchange Commission over allegations the company violated the Foreign Corrupt Practices Act. The SEC said employees and representatives of the company,...Show More Summary

Rupert Murdoch’s troubles are far from over

2 years agoNews : The Great Debate

With convictions secured in Britain for bribing public officials, there is already enough evidence for U.S. authorities to pursue News Corp. under the Foreign Corrupt Practices Act.

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