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.
Entries in Extortion (18)
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.
The 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.
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.
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.
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.
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.
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.
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).
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.