FCPA Professor has been described as “the Wall Street Journal concerning all things FCPA-related,” and “the most authoritative source for those seeking to understand and apply the FCPA.”
Set forth below are the topics discussed this week on FCPA Professor.
As discussed here, Roger Ng (a former Goldman Sachs managing director who was found guilty at trial of FCPA and related charges for paying bribes to various Malaysian and Abu Dhabi officials in connection with Malaysia’s state-owned and state-controlled investment development company and sentenced to 10 years in prison) was also ordered to forfeit $35.1 million.
The SEC’s former Assistant Director of the Enforcement Division uses two recent SEC FCPA enforcement actions to illustrate the SEC’s “largely unchecked power to shake down companies with astronomical penalties that far exceed statutory limits set by Congress.”
As discussed here, Samuel Bankman-Fried was charged with an additional criminal offense – conspiracy to violate the FCPA’s anti-bribery provisions – for allegedly bribing Chinese officials to unfreeze certain accounts containing over $1 billion in cryptocurrency.
With the recent FCPA charge against Bankman-Fried, this post looks back at the FCPA issue that lurked in the background of Robert Allen Stanford’s financial fraud.
This post discusses whether the U.S. government is sometimes the root causes of FCPA issues.
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