Lawrence Hoskins Archives - Page 3 of 9

Friday Roundup

By Mike Koehler on March 27, 2020 in Collateral Effects, Constellation Brands, FCPA Statistics, Has the FCPA Been Successful?, Lawrence Hoskins, Monitor, Prosecutorial Common Law

Monitor costs, scrutiny alert, quotable, and survey says. It’s all here in the Friday roundup.

Monitor Costs

As highlighted in prior posts here and here, in late 2019 Ericsson resolved a Foreign Corrupt Practices Act enforcement action and the $1.06 billion settlement amount was the largest net FCPA settlement amount in history. As a condition of settlement, Ericsson was required to engage an independent compliance monitor for a three-year period.

Recently, Ericsson disclosed “a provision of SEK 0.6 billion [approximately $60 million] was made to cover future monitoring costs.” (See here for the article “FCPA Ripples.”)

Why?

By Mike Koehler on March 11, 2020 in Lawrence Hoskins

Why?

That is the question I have upon learning that the Department of Justice recently filed this notice of appeal to the Second Circuit of Judge Janet Bond Arterton’s February 26th grant of Lawrence Hoskins’s motion for acquittal on the seven FCPA charges he was convicted of by the jury. (See here for the prior post. As noted in the post, Judge Arterton denied Hoskin’s motion for acquittal on the five money laundering charges he was convicted of by the jury).

As highlighted in this post, thereafter Judge Arterton significantly rejected the DOJ’s 7-9 year sentencing recommendation on the money laundering charges and sentenced Hoskins to approximately one year in federal prison.

Judge Significantly Rejects DOJ Sentencing Recommendation – Sentences Hoskins To Approximately One Year For Money Laundering Offenses, DOJ Press Release Omits Material Information

By Mike Koehler on March 9, 2020 in FCPA Sentences, Lawrence Hoskins

As highlighted in this previous post, on February 26th Judge Janet Bond Arterton (pictured – D. Conn) granted Lawrence Hoskins’s motion for acquittal on the seven FCPA charges he was convicted of by the jury. However, the judge denied Hoskins’s motion for acquittal on the five money laundering charges he was convicted of by the jury.

Thus, next up in the long history of the case was sentencing on the money laundering convictions.

As highlighted in this post, Judge Arterton significantly rejected the DOJ’s 7-9 year sentencing recommendation and sentenced Hoskins to approximately 1 year. (See here).

What Others Are Saying About The Recent FCPA Aquittal Decision In Hoskins

By Mike Koehler on March 5, 2020 in Agency Issues, Lawrence Hoskins

This previous post highlighted the recent decision in the Hoskins matter in which the trial court judge granted Hoskins’s post-trial motion of acquittal as to all FCPA charges.

Proving once again that it is an active group of writers, FCPA Inc. had much to say about the recent decision and this post rounds up what others are saying about the decision.

Friday Roundup

By Mike Koehler on February 28, 2020 in China, Congressional Activity, Financial Services Industry, Herbalife, Lawrence Hoskins

Oops, scrutiny alert, and does Senator Rubio understand the FCPA? It’s all here in the Friday roundup.

Oops

It’s probably not a good idea for Department of Justice officials to boast about Foreign Corrupt Practices Act trial court verdicts when post-trial motions are pending.

Here is what Assistant Attorney General Benczkowski said about the Hoskins FCPA case on December 4, 2019.

← Previous 1 2 3 4 … 9 Next →

Top Menu

Navigation

Friday Roundup

Why?

Judge Significantly Rejects DOJ Sentencing Recommendation – Sentences Hoskins To Approximately One Year For Money Laundering Offenses, DOJ Press Release Omits Material Information

What Others Are Saying About The Recent FCPA Aquittal Decision In Hoskins

Friday Roundup

Subscribe