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FCPA Blog Daily News

Entries in Extortion (18)

Wednesday
Jan072015

‘Commit a crime and the world is made of glass.’ -- Emerson

The adage of only conducting an affair with someone with much more to lose might also be apposite advice for those indulging in or contemplating bribery. Fear of punishment ought to secure the discretion of complicit parties but there are always those who may find themselves with little to lose by seeking to take advantage of a formerly complicit party.

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Wednesday
Oct082014

Leading China media group accused of running extortion and protection racket

Over 30 people from prominent media group 21st Century Media Co. have been investigated for alleged extortion by its journalists in exchange for favorable coverage, Shanghai police said.

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Friday
Aug082014

U.S. seizes $480 million plundered by late Nigeria kleptocrat

General Sani Abacha, 10th Head of State of Nigeria, courtesy of WikipediaThe Department of Justice announced its forfeiture of more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators on Thursday. 

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Friday
May092014

Ex-Virgin Islands official charged with bribery

A former government official in the U.S. Virgin Islands has been indicted on bribery and extortion charges, the U.S. Justice Department said Thursday.

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Friday
Mar212014

After RICO trial win, Chevron demands $32 million from plaintiffs lawyer Donziger for attorneys fees

Chevron Corporation asked a federal court Tuesday to award it $32 million for attorneys fees it incurred during a successful fraud and racketeering trial against U.S. lawyer Steven Donziger.

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Thursday
Mar132014

Bolivia anti-graft chief convicted in Miami of extortion

A federal jury found Bolivia’s anti-corruption chief guilty of traveling to Miami to extort $30,000 from a wealthy Bolivian businessman who was facing trumped-up charges back home.

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Tuesday
Feb112014

Free webinar from the Ethical Alliance: What are the odds of getting caught?

A free webinar is currently available to the public from the Ethical Alliance.

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Wednesday
Nov062013

For F1 Supremo, what's the law behind extortion claim?

John Morton, of Morton's Fork fame, would have been intrigued by Bernie Ecclestone's explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.

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Tuesday
Jul162013

After Wal-Mart, a better future for the FCPA?

Amid reports that the U.K. government is considering allowing  facilitation payments in overseas business transactions, let's all remember that the world has moved on to better norms -- like “non-participation” in corruption schemes. And not giving tax deductions for bribery.

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Tuesday
Jul022013

Wal-Mart’s Victims, Part XXI: More Reasons Why Corporations Want the STP

The second objection defendant corporations typically have to FCPA enforcement concerns the thorny problem of solicitation. Sure, some companies pay bribes aggressively and unreservedly. But others feel pressured to do it. They feel trapped, with no alternative, like they’re being extorted. But that’s no defense under the FCPA.

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Thursday
Jun272013

How to RESIST paying bribes

In 2009, companies from the private sector (mainly in Europe) decided, through the International Chamber of Commerce (ICC) to develop in cooperation with the World Economic Forum, the UN Global Compact and Transparency International a training tool known as RESIST (Resisting Extortions and Solicitations in International Transactions).

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Wednesday
Jan092013

That's no bribe, it's ransom money

Companies often face extortionate demands from foreign police, bureaucrats, and regulators, who threaten to hold, expel, or even harm employees if ransoms aren't paid. And there have always been questions whether those involuntary payments can violate the FCPA.

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