DOJ

Cases
DOJ
Financial Fraud

DOJ Repatriates Insider Trading Proceeds to Kyrgyz Republic

Earlier this week, the U.S. DOJ issued a release of repatriation of stolen funds to the Government of the Kyrgyz Republic arising from the corruption and theft of government funds by the prior regime of Kurmanbek Bakiyev and his son Maxim Bakiyev.   This action was conducted under the Kleptocracy Asset Recovery Initiative. The funds (USD […]

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Anti-Corruption
Cases
DOJ
Financial Fraud
Freshly Brewed

Cognizant SEC FCPA Settlement; DOJ Indictments

February 15, 2019: According to an SEC release, Cognizant Technology Solutions Corporation agreed to pay $25M to the SEC to settle charges of FCPA violations. Two of its executives were charged and indicted, according to another release from the DOJ. The SEC complaint alleged that “in 2014, a senior government official of the Indian state of […]

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Anti-Corruption
Cases
DOJ
Fraud
Freshly Brewed

Audi Managers Charged by DOJ; Emissions Cheat

January 28, 2019: The DOJ released a notice of charges against 4 Audi managers, including a former member of Audi AG’s board. The charges concerned the defendants’ role in the well known conspiracy to defraud US regulators by cheating on emissions tests of thousands of Audi “clean diesel” vehicles. The defendants are Richard Bauder, 69, […]

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Anti-Corruption
Cases
China
DOJ
Financial Fraud
Fraud
Freshly Brewed
Iran

DOJ Charges: Huawei and its CFO

January 27, 2019: The DOJ charged Huawei and its CFO, Wanzhou Meng, with financial fraud. More specifically, in a 13-count indictment, the DOJ charged 4 defendants, including Huawei Technologies Co. Ltd. (Huawei) of China, 2 Huawei affiliates — Huawei Device USA Inc. (Huawei USA) and Skycom Tech Co. Ltd. (Skycom) and Huawei’s CFO Wanzhou Meng (Meng), […]

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Anti-Corruption
Cases
DOJ
Fraud
Freshly Brewed

DOJ: Fiat Chrysler Settlements Will Exceed $500 Million

1/11/19: The DOJ, the EPA and the State of California announced yesterday a settlement with Fiat Chrysler Automobiles N.V., FCA US, and affiliates (Fiat Chrysler) for alleged violations of Clean Air Act and California law. According to the release, Fiat Chrysler was using devices to cheat emission tests. “Fiat Chrysler deceived consumers and the federal […]

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Anti-Corruption
DOJ
Podcast

DOJ Revisions to the Yates Memo

At the end of November 2018, the DOJ announced some revisions to the requirements on corporate defendants who hope to earn cooperation credit. Listen in for more detail. http://media.blubrry.com/compliancekitchen/p/content.blubrry.com/compliancekitchen/DOJ_Yates_Memo_Mod.mp3Podcast: Play in new window | Download (Duration: 2:02 — 2.3MB) | EmbedSubscribe to the Kitchen podcast Apple Podcasts | Android | Email | Google Podcasts | […]

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Anti-Corruption
Best Practices & Resources
DOJ

DOJ Revision on Corporate Monitors Appointments

On October 11, 2018, the DOJ issued a memorandum, the purpose of which was to establish revised standards, policy, and procedures for the selection of monitors in matters being handled by Criminal Division attorneys. More specifically, the DOJ’s Assistant Attorney General Brian Benczkowski reflected and built upon the Morford memo from 2008 that discussed appointment […]

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Anti-Corruption
Best Practices & Resources
DOJ

DOJ Revisions to the Yates Memo

At the tail end of November, 2018, the DOJ’s Deputy Attorney General Rod J. Rosenstein delivered remarks at the American Conference Institute’s 35th International Conference on the Foreign Corrupt Practices Act. Among other things, Mr. Roesenstein announced that the FCPA Unit (“Unit”) was increasingly enjoying cooperation with foreign authorities in the Unit’s investigations of FCPA […]

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Anti-Corruption
Cases
China
DOJ

Polycom FCPA Settlement

On December 26, 2018, the SEC issued an administrative order, reaching a settlement with Polycom over allegations of corruption in China. Polycom did not admit or deny the SEC allegations. Polycom agreed to disgorge and pay in penalties approximately $15M to the SEC. According to the SEC, Polycom’s VP in China and senior management there […]

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Cases
China
DOJ
Fraud
Freshly Brewed
Trade Secrets

Theft of Trade Secrets – DOJ Charges Chinese National

December 21, 2018 DOJ Release – a Chinese national and a US permanent resident was charged with alleged theft of trade secrets estimated to be worth more than $1B from his employer, a US petroleum company. According to the Release, Hongjin Tan stole the IP for use of a Chinese company where he accepted a […]

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