At times, corporations and their leaders fumble when assessing legal risks. The result is trouble – corruption, procurement fraud, securities violations, inflated earnings, and trade violations. When it happens, it often results in criminal prosecutions, shareholder lawsuits, and negative media creating a perception that companies are filled with scoundrels. Often the prosecutions, the lawsuits and…

Britain’s Serious Fraud Office is Serious About Punishing Corrupt Behavior (Even Those Who Can’t Pay Serious Fines) Britain’s Serious Fraud Office (SFO) has reached a deferred prosecution agreement with a “small to medium sized” company that as of this writing it cannot yet name. So for purposes of this post we will call that “small…

DOJ has been investigating hiring practices and accusing some U.S. companies of trading jobs and internships to obtain or retain international business…. check out below ABA article for some ideas to manage this risk.    American Bar Association Business Law Today:  Practical Steps to Mitigate Corruption Risks in Hiring

Some Detroit Public School (DPS) leaders may learn about detention first-hand for allegedly taking kickbacks from a businessman selling school supplies to Detroit schools.   According to the U.S. Department of Justice (DOJ), the owner of Allstate Sales (a business which sold school supplies to the Detroit schools) submitted fake invoices to some Detroit public…

Over the past couple of months, media has reported that the US government is investigating JP Morgan for possibly giving jobs to the kids of Chinese government officials in exchange for business. Now, emails about these allegations are quoted in the WSJ. (In JP Morgan Emails, a Tale of China and Connections). At this point,…

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