In the previous four posts, we examined how the practice of allowing public officials to appear in films could be used as an alternative method of bribery. While we’ve focused on the idea of a foreign official receiving a cameo, the analysis actually applies to anyone who has a substantial enough connection to a foreign official. After all, the FCPA prohibits bribery through third-party intermediaries. So how should Hollywood behave when doling out film roles abroad?
Entries in Movie Studios (4)
In the first post of this series, I talked about the possibility that political cameos, if used abroad, might serve as an alternative method of corruption. It makes sense to begin the inquiry by valuating a cameo. After all, if a brief appearance on screen isn’t worth much, then it’s unlikely to induce a foreign official to abuse her discretion.
The SEC’s apparent industry sweep of film studios in April 2012 raised a lot of eyebrows. While the sweep’s commencement was surprising, it disappeared as quickly as it started. Though no one outside the U.S. government knows exactly what, if anything, the SEC uncovered, this action certainly forced filmmakers to take notice of the FCPA.
Aruna Viswanatha of Reuters reported that the SEC is investigating the practices of major U.S. movie studios in China about possible violations of the FCPA.