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Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

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Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

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FCPA Blog Daily News

Entries in Venezuela (50)

Wednesday
Feb212018

Tom Fox: Houston company sues former Venezuela oil minister for bribe demands

Former Venezuela oil minister Rafael RamirezBribery and corruption are rarely used as the basis of civil actions between entities and individuals. It is the exceptional case where a party claims that its refusal to submit to demands for bribes can lead to a claim of civil liability.

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Tuesday
Feb132018

DOJ charges Venezuela energy company workers with money laundering, FCPA conspiracy

The DOJ unsealed an indictment Monday against five former employees of Venezuela’s state energy company, charging all of them with money laundering and two with also conspiring to violate the Foreign Corrupt Practices Act.

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Thursday
Oct122017

Florida businessman pleads guilty in Venezuela PDVSA bribery scheme

The part owner of several Florida-based businesses pleaded guilty Wednesday to foreign bribery charges in a plot to win contracts from Venezuela’s state oil company.

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Thursday
Sep212017

FinCEN warns banks about laundering Venezuela bribe money

The Treasury Department's Financial Crimes Enforcement Network issued an advisory Wednesday to alert banks about graft money flowing out of Venezuela.

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Monday
Jun052017

Ex-Morgan Stanley trader hid Venezuela bond trades from compliance reviews

The Financial Industry Regulatory Authority (FINRA) barred a former Morgan Stanley representative for concealing the customers behind around $190 million in Venezuelan bond trades.

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Friday
May192017

Martin Kenney: Grand Corruption is a crime against humanity

The perpetrators of Grand Corruption are an A-List of kleptocrats who have pillaged their respective countries and their people of countless billions of dollars.

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Tuesday
Jan102017

Two more FCPA guilty pleas in Venezuela oil company bribe case

Two executives from U.S.-based energy companies pleaded guilty Tuesday to foreign bribery charges involving payments to officials at Venezuela’s state oil company, Petroleos de Venezuela S.A. (PDVSA).

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Friday
Sep302016

DOJ breaks new ground with two ‘declinations with disgorgement’

The Justice Department released letters Thursday under the DOJ's Pilot Program to two Texas companies that won't be prosecuted for violating the FCPA but will each have to disgorge all profits they made from the bribery.

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Friday
Sep232016

FCC fines Siemens for failing to disclose FCPA and obstruction convictions

The Federal Communications Commission fined Siemens Corporation and Siemens Medical Solutions $175,000 Thursday for failing to disclose corporate felony convictions as required by the FCC's rules.

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Thursday
Jun162016

Owner of Houston oil service companies admits Venezuela bribes

Image courtesy of PDVSAThe owner of multiple U.S.-based oil and gas services companies pleaded guilty Thursday to bribing officials at Venezuela’s state-owned energy company to win work and speed up contract payments.

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Monday
Apr112016

Seven from Direct Access Partners settle with SEC

The Securities and Exchange Commission said Friday that seven individuals from a registered broker-dealer settled charges related to bribes paid to a former official of a Venezuelan state-owned bank.

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Wednesday
Mar232016

Company owner, employee admit FCPA offenses in Venezuela oil company bribe case

The owner of multiple U.S.-based oil and gas services companies pleaded guilty Tuesday to FCPA and fraud charges for bribing officials to win contracts from Venezuela’s state-owned energy company, Petroleos de Venezuela S.A. (PDVSA).

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