Joseph Sigelman, the former co-CEO of PetroTiger who was sentenced to probation and no jail time for an FCPA conspiracy when he pleaded guilty two weeks into his trial, is now fighting with the lawyers who defended him.
Entries in PetroTiger Ltd (16)
Here are highlights about Latin American corruption, enforcement, and compliance through June 2015.
From April through June, there were two corporate FCPA enforcement actions. There were also two individual guilty pleas, with one -- by Joseph Sigelman in the midst of his FCPA trial -- resulting in probation only and no jail time.
For only the second time in FCPA history, the DOJ Monday made a public announcement that it wouldn't prosecute a company that cooperated in building a case against a former officer.
Joseph Sigelman, the former co-CEO of PetroTiger, pleaded guilty today to one criminal count during the third week of his FCPA trial.
Corrupt organizations expect employees to parrot one set of values, while at the same time understanding that the real priority is to subvert these values by paying bribes to win business, or looking the other way when issues arise. This mixed messaging creates a level of ambiguity, which you see clearly in the use of euphemism, code words and metaphors in many corruption cases.
In our recent report, Trends and Developments in Anti-Corruption Enforcement, we analyze major anti-corruption resolutions in 2014 and look ahead to what we expect in 2015.
A federal judge in New Jersey ruled last week that prosecutors can use secret video recordings in the trial of the former PetroTiger CEO that the FBI made with a camera attached to the executive's lawyer.
Joseph Sigelman, the former co-CEO of PetroTiger Ltd., is the latest defendant to argue that employees of state-owned enterprises aren't "foreign officials" under the FCPA. He was charged in May with bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.
Joseph Sigelman, who served as a former co-CEO of PetroTiger Ltd., is the latest FCPA defendant to argue that employees of state-owned enterprises aren't "foreign officials" under the FCPA.