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FCPA Blog Daily News

Entries in Extortion (19)


To plug gap in FCPA, Congress considers ‘Foreign Extortion Prevention Act’

Rep. Sheila Jackson LeeFour members of the U.S. House of Representatives introduced legislation Friday that will criminalize extortion by foreign officials, enabling the DOJ to indict the officials for demanding bribes to fulfill, neglect, or violate their official duties. The legislation would plug a gap in the FCPA, under which only bribe payers can be prosecuted.

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‘Commit a crime and the world is made of glass.’ -- Emerson

The adage of only conducting an affair with someone with much more to lose might also be apposite advice for those indulging in or contemplating bribery. Fear of punishment ought to secure the discretion of complicit parties but there are always those who may find themselves with little to lose by seeking to take advantage of a formerly complicit party.

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Leading China media group accused of running extortion and protection racket

Over 30 people from prominent media group 21st Century Media Co. have been investigated for alleged extortion by its journalists in exchange for favorable coverage, Shanghai police said.

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U.S. seizes $480 million plundered by late Nigeria kleptocrat

General Sani Abacha, 10th Head of State of Nigeria, courtesy of WikipediaThe Department of Justice announced its forfeiture of more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators on Thursday. 

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Ex-Virgin Islands official charged with bribery

A former government official in the U.S. Virgin Islands has been indicted on bribery and extortion charges, the U.S. Justice Department said Thursday.

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After RICO trial win, Chevron demands $32 million from plaintiffs lawyer Donziger for attorneys fees

Chevron Corporation asked a federal court Tuesday to award it $32 million for attorneys fees it incurred during a successful fraud and racketeering trial against U.S. lawyer Steven Donziger.

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Bolivia anti-graft chief convicted in Miami of extortion

A federal jury found Bolivia’s anti-corruption chief guilty of traveling to Miami to extort $30,000 from a wealthy Bolivian businessman who was facing trumped-up charges back home.

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Free webinar from the Ethical Alliance: What are the odds of getting caught?

A free webinar is currently available to the public from the Ethical Alliance.

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For F1 Supremo, what's the law behind extortion claim?

John Morton, of Morton's Fork fame, would have been intrigued by Bernie Ecclestone's explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.

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After Wal-Mart, a better future for the FCPA?

Amid reports that the U.K. government is considering allowing  facilitation payments in overseas business transactions, let's all remember that the world has moved on to better norms -- like “non-participation” in corruption schemes. And not giving tax deductions for bribery.

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Wal-Mart’s Victims, Part XXI: More Reasons Why Corporations Want the STP

The second objection defendant corporations typically have to FCPA enforcement concerns the thorny problem of solicitation. Sure, some companies pay bribes aggressively and unreservedly. But others feel pressured to do it. They feel trapped, with no alternative, like they’re being extorted. But that’s no defense under the FCPA.

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How to RESIST paying bribes

In 2009, companies from the private sector (mainly in Europe) decided, through the International Chamber of Commerce (ICC) to develop in cooperation with the World Economic Forum, the UN Global Compact and Transparency International a training tool known as RESIST (Resisting Extortions and Solicitations in International Transactions).

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