The FCPA Flash podcast provides in an audio format the same fresh, candid, and informed commentary about the Foreign Corrupt Practices Act and related topics as readers have come to expect from written posts on FCPA Professor.
This FCPA Flash episode is a conversation with Frederic Pierucci. In April 2013, Pierucci (a French national) was among a group of current or former Alstom executives criminally charged in connection with an alleged bribery scheme in Indonesia. Pierucci ultimately plead guilty to FCPA offenses. Upon release from U.S. prison, Pierucci authored a book titled “The American Trap.” During the podcast, Pierucci talks about his book, what motivated him to write the book, and his views that the FCPA is a “tool to destabilize” European companies and how the U.S.’s use of the FCPA is like “underground economic warfare.” During the podcast, I take issue with certain of Pierucci’s comments (for instance 7 U.S. companies have resolved FCPA enforcement actions over $100 million not the number Pierucci suggests) and the podcast contains a good back-and-forth discussion.