Justice Department Archives - CFO

DOJ Plans Heightened Scrutiny of Government Contractors

DOJ Plans Heightened Scrutiny of Government Contractors

The new "Procurement Collusion Strike Force" aims to root out antitrust crimes like bid-rigging and price-fixing in the procurement of government contracts.

By David McCann | November 8, 2019

GE Warns Subprime Unit Could Go Bankrupt

GE Warns Subprime Unit Could Go Bankrupt

The defunct WMC Mortgage unit "has emerged in recent months as one of the biggest headaches in GE's vast business empire.”

By Matthew Heller | May 7, 2018

Brazilian Aircraft Maker to Pay $205M Over Bribery Allegations

Risk & Compliance

Brazilian Aircraft Maker to Pay $205M Over Bribery Allegations

Aircraft manufacturer Embraer admitted responsibility for multiple FCPA violations in four foreign countries from 2007 to 2011.

By Sean Allocca | October 25, 2016

Ex-Rabobank Traders Convicted of Libor Rigging

Risk & Compliance

Ex-Rabobank Traders Convicted of Libor Rigging

After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.

By Matthew Heller | November 5, 2015

Crédit Agricole Fined $787M Over Sanctions Violations

Risk & Compliance

Crédit Agricole Fined $787M Over Sanctions Violations

The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.

By Matthew Heller | October 20, 2015

Bio-Rad to Pay $55M to Settle Bribery Allegations

Risk & Compliance

Bio-Rad to Pay $55M to Settle Bribery Allegations

“Bio-Rad Laboratories failed to detect a bribery scheme and did not properly address red flags that such a scheme was underway,” said an SEC official.

By Matthew Heller | November 3, 2014

A New Way to Punish Wrongdoing: Anger Investors

Risk & Compliance

A New Way to Punish Wrongdoing: Anger Investors

To prevent white-collar crime, prosecutors are now focusing on raising shareholder ire.

By Iris Dorbian | July 17, 2014