Topic
Bribery
1,289 published works
FCPA Professor
Friday Roundup
By Mike Koehler
Sentenced, convicted, and ridiculous. It’s all here in the Friday roundup. Sentenced As highlighted in this prior post, in 2019 the DOJ criminally charged Armengol Alfonso Cevallas Diaz (an Ecuadorian…
Expert Institute Insights
Deutsche Bank Agrees to $130 Million Settlement Over Claims of Bribery, Market Manipulation
Deutsche Bank recently agreed to pay over $130 million in a settlement involving two separate claims—that Deutsche Bank paid bribes for overseas business and that it was involved in the…
FCPA Professor
Father – Son Charged With FCPA Conspiracy In Connection With Sargeant Marine Action
By Mike Koehler
Some Foreign Corrupt Practices Act enforcement actions slip through the cracks. The mid-December 2020 enforcement action against Jorge Luz and his son Bruno Luz in connection with the Sargeant Marine…
FCPA Professor
Deutsche Bank Joins The Repeat Offender Club By Resolving Second FCPA Enforcement In Just 16 Months
By Mike Koehler
In August 2019, Deutsche Bank paid $16.2 million “to settle changes that it violated the FCPA by hiring relatives of foreign government officials [in both the Asia Pacific Region and Russia]…
The D&O Diary
Chilean Company Pays $62.5 Million to Settle Bribery-Related Securities Suit
As I have noted in prior posts (most recently here), allegations of bribery and improper payments often lead to follow-on securities class action lawsuits. Although historically claimants in these kinds…
Whistleblower Law Collaborative Blog and News
Fraud In the Air Tonight: Energy Trading Firm Vitol to Pay $163 Million to Settle Bribery and Manipulation Claims
Vitol, a Swiss-based energy trading firm agreed to pay $163 million to settle criminal and civil charges. The charges related to Vitol’s paying bribes and manipulating the domestic energy market. Vitol…
FCPA Professor
Issues To Consider From The Vitol Enforcement Action
By Mike Koehler
This prior post highlighted the net $90 million Foreign Corrupt Practices Act enforcement action against Vitol for conduct in Brazil, Ecuador and Mexico. This prior post took a closer look at…
International Financial Law Prof Blog
Vitol Inc. Agrees to Pay over $135 Million to Resolve Foreign Bribery Case
Vitol Inc. (Vitol), the U.S. affiliate of the Vitol group of companies, which together form one of the largest energy trading firms in the world, has agreed to pay a…
FCPA Professor
DOJ Responds To Ng’s Motion To Dismiss – Lays Out Its View On Internal Controls
By Mike Koehler
This recent post highlighted former Goldman Sachs executive Ng Chong Hwa (Roger Ng’s) motion to dismiss a criminal indictment against him in connection with his alleged involvement in bribery schemes involving…
FCPA Professor
Trace’s Bribery Risk Matrix Restates The Obvious
By Mike Koehler
Recently Trace International released its Trace Bribery Risk Matrix. Like other rankings of bribery and corruption, there is nothing per se wrong with the Bribery Risk Matrix. However, as stated several times…