What FCPA Activity Should We Expect to See in 2014?

2013 saw several important developments in the enforcement of the Foreign Corrupt Practices Act (FCPA). The US Department of Justice and the SEC collected in excess of $635,000,000 combined in civil and criminal penalties from individual and corporate investigations. The first month of 2014 saw the collection of $384,000,000 in a single settlement. The DOJ … Continued

2014 – Year Of the Whistleblower?

A recent article in Forbes, cited 2014 as the year of the whistleblower. With Timothy Snowden leading the headlines and jawdropping settlements from the IRS for whistleblowers, 2014 does indeed seem to be destined to be the year for whistleblowers. So what does this mean for employers? If you do not want to see your … Continued

Whistleblowers Must Report to SEC for Anti-Retaliation Protections

A recent decision by the Fifth Circuit Court of Appeals has confirmed that the anti-retaliation provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act only confer protections to whistleblowers who report conduct to the Securities and Exchange Commission. Whistleblowers Must Report Conduct to the SEC Dodd-Frank1 encourages individuals to provide information helpful to … Continued

Ethic Deficit: Does Walmart Use Bribes in Daily Business?

Walmart may be facing significant fines and actions related to allegations of widespread bribery at its Mexican operations. The New York Times’ report, said it is significant because it appears to show that the alleged bribes were a substantial part of its business methods, and more than routine payments to speed up approvals, which are … 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

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

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