Search Results for: fcpa

Swiss multi-national commodity trading and mining firm Glencore agreed to pay over $1.1 billion to the US Tuesday as a part of a series of guilty pleas with the US, UK and Brazil. Glencore International A.G. and Glencore Ltd. both pled guilty to violations of the Foreign Corrupt Practices Act (FCPA), an anti corruption law, [...]

A jury for the US District Court for the Eastern District of New York Friday convicted former Goldman Sachs Managing Director Ng Chong Hwa, also known as Roger Ng, of corruption charges connected to Malaysia’s 1MDB development fund. The decision came following an eight-week trial. Ng was indicted in 2018. The jury found Ng guilty of [...]

An Ohio woman pleaded guilty to defrauding the US and Polish governments in connection with an illicit adoption to a convicted criminal that resulted in the hospitalization of a child, according to court documents obtained Monday by JURIST. Margaret Cole, former executive director of European Adoption Consultants (EAC) — a Strongsville, Ohio agency that facilitated [...]

Earlier this month, a digital currency based on the Netflix series “Squid Game” soared in value before collapsing dramatically as its promoters quickly pulled out their funds in what is known as a “rug pull.” The website promoting the cryptocurrency was only three weeks old and was littered with grammatical errors, tell-tale signs that it [...]

Officials from the US Attorney’s Office for the Southern District of New York, Department of Justice (DOJ), IRS and Homeland Security announced the filing of a four-count criminal indictment against Gulnara Karimova, daughter of the former president of Uzbekistan, and others on Thursday. Karimova, a former government official and telecommunications executive, in connection to a [...]

The US Department of Justice (DOJ) on Monday unsealed an indictment against five Venezuelan officials for allegedly participating in an international bribery and money laundering scheme involving Petroleos de Venezuela SA (PDVSA), a state-owned oil and...

Uber confirmed on Tuesday that they are currently under investigation by the US Department of Justice (DOJ) for bribing foreign officials. The DOJ is seeking to determine whether Uber operated in violation of the Foreign Corrupt...

Hedge fund manager Och-Ziff Capital Management Group LLC (Och-Ziff) has agreed to pay a $412 million settlement, of which up to $213 million are criminal penalties imposed in connection with a widespread scheme involving the...

A three-judge panel on the Court of Appeals for the DC Circuit affirmed a lower court's decision and ruled in favor of the Securities and Exchange Commission (SEC) on Tuesday, upholding a five-year...

The US Securities and Exchange Commission on Wednesday announced that a former software executive at SAP SE (SAP) , Vincente E. Garcia, agreed to settle charges filed against him for violating the Foreign Corrupt Practices...