Justice Department

DOJ Plans Heightened Scrutiny of Government Contractors
Strategy

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
Read More
GE Warns Subprime Unit Could Go Bankrupt
Legal

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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More