December 3 2009

Tesler Fights Extradition; Jefferson Appeals

The London lawyer accused by the U.S. of being a middleman in KBR's bribery of Nigerian officials appeared in court last week to fight extradition. Jeffrey Tesler, 61, a U.K. citizen, was indicted in February by a federal grand jury in Houston. He was charged with one count of conspiring to violate the Foreign Corrupt Practices Act and ten substantive FCPA offenses. If convicted on all counts, he faces up to 55 years in prison. U.K. police, acting at the request of U.S. authorities, arrested Tesler in March. . . .

Read the entire post at The FCPA Blog   www.fcpablog.com

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December 1 2009

Paris Punts On Probe

The lawsuit examining how three African rulers and their families managed to acquire dozens of luxury homes, cars and other assets in France has been stopped. A Paris magistrate had ordered the investigation in May at the request of Transparency International. See our post here. But last month an appellate court agreed with the Justice Ministry that TI lacked standing to bring the case. . . .

Read the entire post on The FCPA Blog   www.fcpablog.com

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November 30 2009

Dyncorp Reports Payments, Removes Compliance Officer

Virginia-based DynCorp International said payments by its subcontractors to speed up visas and permits may have caused the company to violate the Foreign Corrupt Practices Act. In its November 12, 2009 quarterly report (Form 10-Q), it said it found about $300,000 in payments by subcontractors to "expedite the issuance of a limited number of visas and licenses from foreign government agencies." The company didn't include any details about the project involved or the subcontractors referred to in the disclosure. It said it had self-reported the payments to the Justice Department and Securities and Exchange Commission a week earlier and hired outside counsel to conduct an investigation. . . .

Read the entire post on The FCPA Blog  www.fcpablog.com

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November 27 2009

Web 2.0 v. Corruption

Ready or not, the cyberworld is forcing accountability onto real-world institutions and leaders. E-government initiatives, public and private whistleblower sites, YouTube, blogs, Facebook, Twitter, free-press groups and more -- they're giving ordinary citizens a place to sound off, be heard, and band together. Transparency International has said about the interactive side of the web: . .

Read the entire post on The FCPA Blog  www.fcpablog.com

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November 25 2009

Java’s Giant Mess

You wouldn't expect a country with 240 million people and 17,000 islands strung along the equator from the Pacific to the Indian Ocean to be neat and orderly. Still, the public death match between Indonesia's national police and its popular Corruption Eradication Commission known as the KPK is particularly messy, even by local standards. That's because there's so much at stake. Corruption has long been Indonesia's biggest problem. And after plenty of broken promises from post-Suharto leaders, ordinary citizens had given up hoping for reform. Until the KPK came along. . . .

Read the entire post on The FCPA Blog  www.fcpablog.com

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November 23 2009

“We’ve got to conduct ourselves like men”

If you haven't seen (or heard) last week's episode of Bill Moyers' Journal on PBS called LBJ's Path To War, it's something special. The hour-long program consists almost entirely of excerpts from President Johnson's recorded phone calls with advisors and congressional leaders. He's talking to them about the Vietnam problem. The program covers the period from November 1963, when Johnson took office after JFK's assassination and there were about 15,000 U.S. advisors on the ground in South Vietnam, until the end of 1965, when the build-up had reached 184,000 combat forces and there was no end in sight. . . .

Read the entire post on The FCPA Blog  www.fcpablog.com

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November 19 2009

Jefferson And Bourke Are Released On Bail

Surprising news from the federal courthouse in Alexandria, Virginia. William Jefferson is free pending appeal of his conviction in August on 11 corruption counts. Last week U.S. District Court Judge T.S. Ellis III sentenced him to 13 years in prison. But the judged ruled on Wednesday that Jefferson can remain free during his appeal, which will likely take at least a year. . . .

Read the entire post on The FCPA Blog   www.fcpablog.com

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November 18 2009

M&A Surge Means More FCPA Action

Mergers and acquisitions are back. Seeking Alpha just said: "Over the past few weeks, there has been a resurgence in acquisition activity, fueling an already strong market rally. This news has spanned all regions of the economy ranging from the transportation sector (Burlington Northern being taken over by Berkshire Hathaway) to pharmaceuticals (Schering Plough being acquired by Merck). Most recently, in the consumer sector, Kraft announced its intention to take over confectionery giant Cadbury while Hewlett Packard announced plans to buy 3com." . . .

Read the entire post on The FCPA Blog   www.fcpablog.com

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November 16 2009

Guilty Plea In (Old) Panama Bribes Case

A Virginia man pleaded guilty on Friday, November 13th to being part of an overseas bribery conspiracy that began in 1996 and ended in 2003. Charles Paul Edward Jumet, 53, was charged in federal court in Richmond, Virginia under a two-count criminal information. He admitted conspiring with others to violate the Foreign Corrupt Practices Act by making corrupt payments to government officials in Panama and giving a false statement to the FBI about how he paid some of the bribe money. . . .

Read the entire post on The FCPA Blog   www.fcpablog.com

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Jefferson Sentenced To 13 Years

Former nine-term congressman William Jefferson, 63, was sentenced on Friday to 13 years in prison. He was found guilty on 11 of 16 corruption charges, including one count of conspiracy to violate the Foreign Corrupt Practices Act. He was acquitted of the single substantive FCPA charge he faced. . . .

Read the entire post on The FCPA Blog  www.fcpablog.com

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