JPMorgan Archives - FCPA Professor

Friday Roundup

By Mike Koehler on October 28, 2022 in Glencore, JPMorgan, Monitor, Shaquala Williams, Victims, Whistleblowers

Settled, not a victim, and monitor reports. It’s all here in the Friday roundup.

Settled

As highlighted in this prior post, in 2021 Shaquala Williams (a former employee of JPMorgan in New York city) filed a civil complaint in federal court (S.D.N.Y) against JPMorgan in connection with (at least in part) compliance obligations imposed upon JPMorgan in connection with resolution of its 2016 FCPA enforcement action. JPMorgan responded (see here) by filing a motion for summary judgment which was mostly denied by Judge Jed Rakoff who set a trial date for November 2022.

As reported here, the parties have reached an agreement to resolve the matter.

JPMorgan Responds To Whistleblower Complaint Connected To Its 2016 FCPA Enforcement Action

By Mike Koehler on May 4, 2022 in JPMorgan, Shaquala Williams, Whistleblowers

As highlighted here and here, in November 2016 JPMorgan (and related entities) resolved a $202.6 million DOJ and SEC Foreign Corrupt Practices Act enforcement action based on its alleged improper hiring and internship practices that the U.S. government has labeled bribery and corruption.

The DOJ action was resolved through a three year non-prosecution agreement involving JPMorgan Securities (Asia Pacific) Limited (“JPMorgan-APAC), a wholly subsidiary of JP Morgan, which involved a variety of requirements and undertakings imposed upon the company – as is typical in resolving FCPA enforcement actions.

As highlighted here, in late 2021 Shaquala Williams (a former employee of JPMorgan in New York city) filed a civil complaint in federal court (S.D.N.Y) against JPMorgan.

Potpourri

By Mike Koehler on December 15, 2021 in JPMorgan, Ricardo Alberto Martinelli Linares

Guilty Plea

This recent post highlighted the DOJ’s money laundering case against Luis Enrique Martinelli Linares (a citizen of Panama and Italy) and his brother Ricardo Alberto Martinelli Linares (also a citizen of Panama and Italy), for “participating in the Odebrecht bribery scheme by, among other things, serving as intermediaries for bribe payments and the provision of other things of value that Odebrecht offered and provided to the Panama Government Official.

Luis recently pleaded guilty and yesterday the DOJ announced that Ricardo did as well.

Thoughts On The JPMorgan Whistleblower Complaint

By Mike Koehler on November 18, 2021 in Internal Controls, JPMorgan, Whistleblowers

This recent post highlighted the whistleblower complaint filed by a former employee of JPMorgan (Shaquala Williams) in connection with the 2016 Foreign Corrupt Practices Act enforcement action against the company.

As described in the prior post, the JPMorgan enforcement action was based on alleged improper hiring and internship practices that the U.S. government labeled bribery and corruption. The DOJ portion was resolved through a three year non-prosecution agreement involving JPMorgan Securities (Asia Pacific) Limited (“JPMorgan-APAC), a wholly subsidiary of JP Morgan, which involved a variety of requirements and undertakings imposed upon the company – as is typical in resolving FCPA enforcement actions.

Former JPMorgan Employee Files Whistleblower Complaint In Connection With 2016 FCPA Enforcement Action

By Mike Koehler on November 15, 2021 in JPMorgan, Shaquala Williams, Whistleblowers

Recently, Shaquala Williams (a former employee of JPMorgan in New York city) filed a civil complaint in federal court (S.D.N.Y) against JPMorgan. In summary fashion, the complaint alleges:

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Friday Roundup

JPMorgan Responds To Whistleblower Complaint Connected To Its 2016 FCPA Enforcement Action

Potpourri

Thoughts On The JPMorgan Whistleblower Complaint

Former JPMorgan Employee Files Whistleblower Complaint In Connection With 2016 FCPA Enforcement Action

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