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Once Again, Rebooting A Long-Standing FCPA Proposal, This Time In The Aftermath Of A Recent Disclosure By Hertz

proposal

Including the first time I proposed this concept in 2010, this is the eight time I have written this general post (see herehereherehereherehere and here for the previous versions) and until things change I will keep writing it which means I will probably keep writing this same general post long into the future.

The proposal is this: when a company voluntarily discloses an FCPA internal investigation to the DOJ and/or SEC and when one or both of the enforcement agencies do not bring an enforcement action, have the enforcement agency publicly state, in a thorough and transparent mannerthe facts the company disclosed and why the enforcement agency did not bring an enforcement action based on those facts.

As highlighted in this prior post, in 2017 rental car company Hertz Global Holdings disclosed:

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Friday Roundup

Roundup

Another McFadden speech and scrutiny alerts and updates. It’s all here in the Friday roundup.

Another McFadden Speech

Obviously Acting Principal Deputy Assistant Attorney General Trevor McFadden has many job duties, but it sure seems like giving FCPA speeches is at the top of this list. This prior post highlighted McFadden’s February 16th FCPA speech and this prior post highlighted McFadden’s April 18th FCPA speech.

Yesterday, McFadden delivered yet another FCPA speech at a conference run by a for profit company. As highlighted in numerous prior posts, it is truly a disgraceful practice when for-profit companies use high-ranking DOJ officials to drive attendance to their paid events and it is likewise disgraceful that DOJ officials allow themselves to be used in this way.

In any event, McFadden’s speech was basically the same as his speech earlier this week (although a meaningful component of yesterday’s speech was devoted to other topics such as violent crime).

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