A German citizen who once ran Siemens' subsidiary in Argentina said in a court filing last week that the U.S. Securities and Exchange Commission has no jurisdiction over him and its civil complaint should be dismissed.
Entries in Siemens (149)
For most of us, December means giant year-end bonuses, moving to bigger houses, and getaways to the Turks and Caicos. No, that's not true.
A recent University of Chicago Legal Forum article looks deep into an important new enforcement trend -- duplicative enforcement actions in multiple countries.
A former Siemens executive charged by the SEC with violating the Foreign Corrupt Practices Act has reached agreement in principle to settle his case.
The Courthouse News Service reported this week that a government investigator in Argentina claims he was beaten and tortured because he blew the whistle on bribes from Siemens to Argentine officials.
Since we started tracking FCPA fugitives (like a blog -- not like a U.S. Marshal), a lot has happened.
The blogs spoke loudly in an article by Leslie Wayne in the New York Times that recently highlighted FCPA enforcement against foreign companies.
In December last year, the DOJ and SEC charged eight former executives and agents from Siemens with bribing government officials in Argentina. Where are they now?
As contractors like BAE and Siemens have settled large (FCPA-related) enforcement actions with the U.S. Government, there has been an epidemic of misleading and erroneous statements made about the role of suspension and debarment in the FCPA context.
How many corporate enforcement actions since 2005 didn't involve criminal or civil charges against any employees from the company? We find out.
There's no record of the DOJ filing a status report about the eight former Siemens executives and agents indicted in December last year despite a federal judge's order for an update by May 1.
The eight former Siemens executives and agents indicted in December last year for bribery, money laundering, and wire fraud haven't appeared in court in the United States and there are no reports of their arrests overseas.