Could a New DOJ Policy Actually Put The Bad Guys in Jail?

“Entities act through people, and crime is crime!” – Combating Corporate Misconduct Management and boards need to know that it may not be ‘business as usual’ and it might be time to shake themselves awake. The rules have just changed significantly on how federal prosecutors are going to handle corporate misconduct, and individuals will be a target. … Continued

Why Uncle Sam Wants You (to Be a Whistleblower)

Last Wednesday, the Obama administration was buzzing about one word all across the country – and that word was ‘whistleblower.’ The Justice Department is bolstering a movement to appeal to witnesses of corporate misconduct and encouraging them to come forward with any information about wrongdoing. So while the Attorney General Eric Holder was giving a … Continued

Senate Approves Bill Providing Increased Protections to Whistleblowers

Recently, U.S. senators unanimously passed a bipartisan bill that increases protections for whistleblowers exposing antitrust criminal behaviour. The Criminal Antirust Anti-retaliation Act (CAARA) focuses on protecting third-party whistleblowers who provide information regarding price-fixing violations to the Department of Justice, and is based on recommendations from the Government Accountability Office’s 2011 report. The 2011 report examined … Continued

FCPA and UK Bribery Act Updates, Whistleblower Effects

Enforcement of the Foreign Corrupt Practices Act (FCPA) has reached unprecedented levels in the last year. Dedicated enforcement units at the DOJ and SEC are devoting more resources to sector-wide investigations, resulting in larger settlements within increasingly varied industries. Overseas anti-corruption enforcement activity has also increased dramatically. The long-awaited UK Bribery Act further expands the … Continued

Department of Justice Actively Pursuing FCPA Violations

The United States Department of Justice (DOJ) continues its active pursuit of violations of the Foreign Corrupt Practices Act (FCPA). In the first four months of 2013, the DOJ cited four actions against individuals and corporations for violations of or assisting in the violation of the FCPA. The following two cases highlight cases against individuals, … Continued

Recent FCPA Ethics Violations

These two recent cases are such great examples of the value of a whistleblower hotline. While the Ralph Lauren Corporation did not previously have an FCPA compliance program in place, the violations were discovered when one was introduced. By self-discovering and self-reporting, RLC dodged a bullet. There is no doubt that if these violations were … Continued

Power Corrupts. Who Governs Government?

Jesse Jackson Jr. has plead guilty to misusing campaign funds for personal expenses including a $43,000 gold-plated Rolex watch, Michael Jackson memorabilia and over $10,000 in children’s furniture.  Jackson’s wife is also charged with tax fraud and as a co-conspirator.  She resigned her position as a Chicago Alderman in January.  Jesse Jackson was recently elected … Continued

Global Corruption – Money, Power, and Ethics

On Tuesday, February 12th, Global Financial Integrity hosted a book launch and panel discussion on Corruption, Development and Democracy.  The panel, which included Professor Lester Myers, Michael Hershman of the Fairfax Group, Raymond Baker of GFI and Mr. Laurence Cockcroft (the author) covered a wide range of topics. One of the prominent themes of the discussion … Continued

Griffiths Energy Bribery Results in Massive Fine, Cancelled IPO

Calgary-based oil and gas exploration firm Griffiths Energy has seen a $2-milllion bribe paid to a diplomat’s wife turn into a damaging series of events that includes a cancelled IPO and a $10.35-million fine for bribery. After being charged under Canada’s Corruption of Foreign Officials Act, the company was forced to cancel “what would have … Continued