LexisNexis® Legal Newsroom
Fast and Furious: Corruption in Brazil and Upcoming World Cup and Olympics

I recently saw the latest installment of the Fast and Furious franchise, entitled "Fast Five". In this installment, Vin Diesel as Dominic Toretto and Paul Walker as Brian O'Conner led a team which steals over $100 million from a Brazilian crime boss. One of the storylines of the movie...

The Biomet SEC Complaint: Lessons for Internal Audit

On March 26, 2012, both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) announced the resolution of enforcement actions against Biomet Inc. a US entity, which manufactures and sells global medical devices around the world. It is headquartered in Fort Wayne, Indiana...

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bribery FCPA corruption bribe money tender

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bribery FCPA corruption money bribe

Show Me the Money – Employee Compensation to Prevent Bribery and Corruption

The GlaxoSmithKline PLC (GSK) matter continues to resonate across the compliance world. Ongoing news releases by the company and announcements from named and un-named sources on the underlying facts continue to generate press worldwide. But there are also several important lessons to be learned from...

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bribery corruption bribe FCPA

Transparency International’s Progress Report

This article was reprinted with permission from FCPA Professor Transparency International (TI) does good work in raising awareness of bribery and its effects and seeking to reduce bribery and corruption around the world. Yet, every time I read TI’s annual progress report on OECD Anti-Bribery...

Money tender

tender money offer transact transaction purchase buy bought

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money tender offer purchase transact transaction buy bought

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bribery corruption money laundering FCPA bribe

Secretary of State Kerry Gets It Right

This article was reprinted with permission from FCPA Professor Secretary of State John Kerry got it right recently when he linked trade barriers and other distortions to – among other things – corruption. Speaking to American Chamber of Commerce participants in Poland, Secretary of...

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bribery corruption FCPA bribe

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bribery; corruption; FCPA; bribe; corrupt; payoff; pay-to-play

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bribery; corruption; FCPA; bribe; corrupt; payoff; pay-to-play

Financial fraud word cloud

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fraud corruption bribery corruption theft steal financial embezzle embezzlement

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bribery; corruption; FCPA; bribe; corrupt; payoff; pay-to-play

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corrupt corruption bribery FCPA

The Sussex Vampyre and the ADM FCPA Settlement

Today I want to use the story of The Sussex Vampyre as the starting point for an inquiry into the recent Archer-Daniels-Midland Corp (ADM) Foreign Corrupt Practices Act (FCPA) enforcement action. In the story, Holmes receives a letter from Robert Ferguson, who has become convinced that his second wife...

GSK Convicted – We Are Really, Really Sorry We Paid Bribes (and Got Caught)

“GSK plc sincerely apologies to the Chinese patients, doctors and hospitals, and the Chinese Government and the Chinese people.” With those words, the British pharmaceutical giant GlaxoSmithKline (GSK) PLC was convicted in a secret trial in a court in the Hunan province of China for bribery...

Billy the Kid Begins and the GSK China Verdict

According to This Day in History, 139 years ago today, Billy the Kid was arrested for the first time, for theft. Billy the Kid was believed to have been born in New York City and was later taken out west by his mother. He was arrested on September 23, 1875 when he was found in possession of clothing...

GSK As a Watershed in the International Fight Against Bribery and Corruption

GlaxoSmithKline PLC (GSK) may well be a watershed in the global fight against bribery and corruption. Behavior and conduct, which was illegal under Chinese law but previously tolerated and even accepted by Chinese government officials, quickly became a quagmire that the company was caught in when charges...