Posts Tagged FCPA

Chilean Airliner Agrees to $12.75 Million Penalty Following FCPA Suit

Cinnaminson, NJ-  Chilean airline LATAM has agreed to pay a $12.75 million fine as part of a DPA in its FCPA investigation.  The private group operated a shell company that provided faulty contracts, which were virtually bribes, to Argentine officials, in turn leading to their neighboring country’s contracting of

Read more

Dutch Drilling Company Pays Brazil $342 Million in Corruption Settlement

Cinnaminson, NJ-  Netherlands-based drilling company SMB Offshore NV has reached a $342 million settlement with state-owned Petroleo Brasileiro SA (Brazilian Petroleum SA) following a near-complete investigation into corruption allegations.  Though at the time of the settlement no conclusive evidence was found, Brazilian investigators did find “red flags” in the Dutch

Read more

Louis Berger Int’l VPs Sentenced for 12-Year Procurement Fraud Scandal

Exposing a 12-year contracting scheme, the District of New Jersey has sentenced two Louis Berger International VPs for one count of conspiracy to violate the FCPA and one substantiative count of violating the FCPA.  James McClung, 60, and Richard Hirsch, 62, received one year in prison and

Read more

Over $20 Million in Improper Payments Exposed in Analogic Corp. FCPA Scandal, Over $14 Million Due in Damages

Cinnaminson, NJ-  Analogic Corp, a Massachusetts-based medical technology company, has recently come under investigation for FCPA violations and, following exposure, has since agreed to pay $14.8 million in damages.  The company’s ill practices were revealed by their Danish subsidiary, BK Medical ApS, who entered a NPA with the DOJ,

Read more

US Navy Rear Admiral Admits to Lying to Federal Investigators Regarding Relationship with Leonard Francis

Cinnaminson, NJ- The massive, multilateral investigation into Leonard Glenn Francis of GDMA’s navy bribery scheme continues with highest-ranking charge yet. U.S. Navy Rear Admiral Robert Gibeau pleads guilty to lying to federal investigators (DCIS and NCIS) in regards to his relationship with Francis. Gibeau admits he received

Read more

FormerFeds releases its Foreign Corrupt Practices Act (FCPA) Self-Assessment Module

FormerFeds, LLC announced today that it had released its Foreign Corrupt Practices Act Self-Assessment Module. The Assessment Module is free to use for any company that administers the software solution through its own legal department or through outside counsel. The FCPA Assessment Module is currently being beta-tested

Read more

Address

FormerFeds LLC
141 I Route 130 South
Suite 303
Cinnaminson, NJ 08077
Phone: (888) 486-FEDS
Website: http://formerfedsgroup.com
Email: info@formerfedsgroup.com

Disclaimer

Important: FormerFeds, LLC is not a law firm. We do not provide legal advice. Our PerfectShield™ compliance solution should always be administered with the advice and under the guidance of legal counsel. Read more