Since we started tracking FCPA fugitives (like a blog -- not like a U.S. Marshal), a lot has happened.
Entries in Siemens (136)
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.
By all accounts, Walmart's appetite for growth in Mexico was insatiable. The drive to dominate the retail market there, according to the New York Times, allegedly led the company to pay $24 million in bribes to fast track store permits.
Joe Palazzolo and Chris Matthews at the Wall Street Journal asked how Walmart's alleged $24 million in bribes to Mexican officials compares with other cases from our list of the Top Ten FCPA enforcement actions.
Since we first listed the top ten FCPA disgorgements a year ago, two new companies joined the list -- Johnson & Johnson and Magyar Telekom. They replaced GE and Baker Hughes.