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Saturday, April 28, 2012

Garth R. Peterson: Lit. Rel. No. 22346 / April 25, 2012

Garth R. Peterson: Lit. Rel. No. 22346 / April 25, 2012

The Securities and Exchange Commission today charged a former executive at Morgan Stanley with violating the Foreign Corrupt Practices Act (FCPA) as well as securities laws for investment advisers by secretly acquiring millions of dollars worth of real estate investments for himself and an influential Chinese official who in turn steered business to Morgan Stanley’s funds.

The SEC alleges that Garth R. Peterson, who was a managing director in Morgan Stanley’s real estate investment and fund advisory business, had a personal friendship and secret business relationship with the former Chairman of Yongye Enterprise (Group) Co. – a Chinese state-owned entity with influence over the success of Morgan Stanley’s real estate business in Shanghai. Peterson secretly arranged to have at least $1.8 million paid to himself and the Chinese official that he disguised as finder’s fees that Morgan Stanley’s funds owed to third parties. Peterson also secretly arranged for him, the Chinese official, and an attorney to acquire a valuable Shanghai real estate interest from a Morgan Stanley fund. Peterson was acquiring an interest from the fund but negotiated both sides of the transaction. In exchange for offers and payments from Peterson, the Chinese official helped Peterson and Morgan Stanley obtain business while personally benefitting from some of these same investments. Peterson’s deception, self-dealing, and misappropriation breached the fiduciary duties he owed to Morgan Stanley’s funds as their representative.  

International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption which are Violations of the Foreign Corrupt Practices Act by China International Business Whistleblower Lawyer, People's Republic of China International Bribery Scheme Lawyer, and China Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer

Multinational Corporations that pay illegal kickbacks and bribes to Chinese government officials and former Chinese government officials in exchange for Chinese construction contracts, Chinese public health care pharmaceutical contracts, customs false certifications through Chinese ports, and other international business advantages can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act and the China bribery scheme international whistleblower that exposes these foreign corporations are granted protections and may be able to collect large economic rewards under new international whistleblower laws.  For more information on this topic, please feel free to go to the following webpage: International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption.  

Sunday, April 22, 2012

Oil & Gas Eurasia - Reviews and Analysis of World, CIS and Russian Energy Market - Think the “Foreign Corrupt Practices Act” is a U.S. Issue? Think Again!

Oil & Gas Eurasia - Reviews and Analysis of World, CIS and Russian Energy Market - Think the “Foreign Corrupt Practices Act” is a U.S. Issue? Think Again!   "Last February the former chief executive of KBR, Inc. was sentenced to 30 months in prison for his role in a massive, decade-long scheme to bribe Nigerian government officials to win $6 billion in contracts for development of the Bonny Island liquefied natural gas facility.  Albert “Jack” Stanley, 69, had pleaded guilty in September 2008 in a scheme to route $182 million in bribes to Nigerian government officials. And his sentencing sent a chill through executive suites of not just U.S. corporations, but multi-national and non-U.S. foreign corporations as well."

"The case, decided in U.S. Federal Court in Houston, represents the largest and most successful investigation in history under the U.S. Foreign Corrupt Practices Act (FCPА). In pleading guilty to the charges, Stanley agreed to make restitution of $10.8 million, of which $1.55 million remains to be paid. He also faces seven years in prison, though his lawyer has asked that prison time be commuted to house arrest because his cooperation helped secure eight felony guilty pleas, four deferred-prosecution agreements and total fines of $1.7 billion.  But what really caught the attention of the executive suite world-wide was the degree to which persons and companies outside of the United States became caught up in a bribery and kick-back scandal prosecuted under a law generally thought to affect only U.S. companies."

International Whistleblower Reward Laws Encourage International Whistleblowers to Expose Government Corruption, Oil Company Bribes to Public Officials, Illegal Kickbacks from Energy Companies, Illicit Payments to Government Officials, and other Violations of the Foreign Corrupt Practices Act by International Oil Company Employee Whistleblower Reward Lawyer, International Oil Company Bribe Whistleblower Reward Lawyer, & Energy Company Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer
 
New International Whistleblower Reward Laws offer large potential rewards or bounties to international oil company employee whistleblowers, foreign government official whistleblowers, and other international whistleblowers that blow the whistle on international oil company contract bribes, international accounting fraud, international energy company fraud, and international oil lease bribes.  For more information on International Whistleblower Lawsuits, please feel free to go to the following webpage: International Whistleblower Reward Laws Encourage International Whistleblowers to Expose Government Corruption, Oil Company Bribes to Public Officials, Illegal Kickbacks from Energy Companies, Illicit Payments to Government Officials, and other Violations of the Foreign Corrupt Practices Act.

Saturday, April 21, 2012

Walmart Statement in Response to Recent New York Times Article About Compliance with the U.S. Foreign Corrupt Practices Act - MarketWatch

Walmart Statement in Response to Recent New York Times Article About Compliance with the U.S. Foreign Corrupt Practices Act - MarketWatch

"We take compliance with the U.S. Foreign Corrupt Practices Act (FCPA) very seriously and are committed to having a strong and effective global anti-corruption program in every country in which we operate. We will not tolerate noncompliance with FCPA anywhere or at any level of the company."

BENTONVILLE, Ark., April 21, 2012 /PRNewswire via COMTEX/ -- The above statement can be attributed to David Tovar, Vice President, Corporate Communications of Walmart.


Premier Calls for Stronger Fight Against Chinese Government Official Corruption: Chinese Whistleblowers Needed to Expose International Corruption

Premier calls for stronger fight against corruption

BEIJING - Premier Wen Jiabao is calling for a strengthening of the fight against corruption, since the situation remains "grave" and the task is "extremely arduous".


China has made progress in responding to the complaints of the public and reducing administrative costs during the past year. But the country still faces an extremely complicated development situation, according to Wen.He pointed out that some long-term and short-term problems are intertwined with the country's economic and social development, adding that some social contradictions have become relatively prominent.  In addition to corruption, these problems could threaten the country's development and stability if not properly dealt with, Wen said. 


About 146,000 officials across China were punished for disciplinary violations in 2010. Among them, 5,373 had been referred for prosecution, according to Wen.  

International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption which are Violations of the Foreign Corrupt Practices Act by China International Business Whistleblower Lawyer, People's Republic of China International Bribery Scheme Lawyer, and China Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer

Multinational Corporations that pay illegal kickbacks and bribes to Chinese government officials and former Chinese government officials in exchange for Chinese construction contracts, Chinese public health care pharmaceutical contracts, customs false certifications through Chinese ports, and other international business advantages can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act and the China bribery scheme international whistleblower that exposes these foreign corporations are granted protections and may be able to collect large economic rewards under new international whistleblower laws.  For more information on this topic, please feel free to go to the following webpage: International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption.  

Finance Ministry Guido Mantega Manages Denucci Scandal | The Rio Times | Brazil News

Finance Ministry Guido Mantega Manages Denucci Scandal | The Rio Times | Brazil News

"RIO DE JANEIRO, BRAZIL – On Saturday January 28th, Guido Mantega, the Brazilian Finance Minister, reportedly dismissed Luiz Felipe Denucci Martins, the Head of Casa da Moeda do Brasil (the Brazilian Mint), following accusations that Denucci was receiving bribes and depositing them in off-shore bank accounts. According to Folha de São Paulo, Mantega was informed in August 2011 that Denucci had begun to open offshore accounts in tax havens."

"José Martins, the Chairman of the company which revealed Denucci’s offshore financial transactions, is expected to appear before the National Congress in order to shed more light on Denucci’s dealings. Martins claims to have documents concerning the transfer of US$25 million by Denucci and his closest connections in the three years since his appointment at Casa da Moeda."

Brazilian Government Official Bribe Whistleblower Reward Lawsuits, Brazilian Government Official Illegal Kickback  Whistleblower Reward Lawsuits, Brazil Foreign Corrupt Practices Bounty Action Reward Lawsuits & Brazil Illegal Bribe Bounty Action Lawsuits

The Foreign Corrupt Practices Act (FCPA) and other Anti-Bribery laws prohibit bribes by multinational corporations to foreign officials to obtain lucrative contracts.  Confidential Bribe Whistleblowers that properly report these illegal contract bribes, kickbacks, and other corrupt practices may recover large rewards for exposing corrupt practices committed by multinational corporation. For more information on Brazilian Government Official Bribe Whistleblower Reward Lawsuits, Brazilian Government Official Illegal Kickback  Whistleblower Reward Lawsuits, Brazil Foreign Corrupt Practices Bounty Action Reward Lawsuits & Brazil Illegal Bribe Bounty Action Lawsuits, please feel free to go to the following webpage: Brazilian Government Official Bribe Whistleblower Reward Lawsuit, Brazilian Government Official Illegal Kickback Whistleblower Reward Lawsuit, Brazil Foreign Corrupt Practices Bounty Action Reward Lawsuit & Brazil Illegal Bribe Bounty Action Lawsuit Information.

Teixeira Implicated in 2018 Bid Bribes | The Rio Times | Brazil News

Teixeira Implicated in 2018 Bid Bribes | The Rio Times | Brazil News

"RIO DE JANEIRO, BRAZIL – Ricardo Teixeira, head of the CBF (Brazilian Football Federation) was named by Lord Triesman on May 10th as one of four FIFA members willing to accept bribes in return for voting for England’s unsuccessful 2018 World Cup host bid. Speaking before a British Parliamentary inquiry into why England failed to land the 2018 World Cup, the former chairman of the English Football Association claimed Teixeira, along with Jack Warner, Nicolas Leoz and Worawi Makudi were willing to sell their votes."


"The revelations spell more trouble for FIFA, an organization steeped in controversy in recent months. Eight of the 24 members have now been accused by the British media of dishonesty and involvement with bribes. In a bad week for world football’s governors, it was also alleged that two more FIFA members were paid US$1 million each in exchange for voting for Qatar in the 2022 World Cup bid.
For Teixeira, it is not the first time he has found himself embroiled in a bribery scandal. Last year, BBC television program Panorama claimed Teixeira accepted £9.5 million in bribes from International Sports Limited (ISL). In return, ISL were granted exclusive rights to market World Cup tournaments to global brands."

Sunday, April 15, 2012

Wen Vows “Stronger” Anti-Corruption Measures - China Digital Times (CDT)

Wen Vows “Stronger” Anti-Corruption Measures - China Digital Times (CDT) 

Premier Wen Jiabao has vowed “stronger” measures to combat corruption. As China prepares for a leadership change, Bo’s removal and other cases of corruption have led to increased instances of public unrest.  Public supervision is needed to limit the abuse of power, and authorities must continue to work for a “clean government” in 2012, the last year of the current administration, he wrote in Qiushi, Seeking Truth, according to a preview posted on the central government website yesterday.

China Electronic Component Supply Chain Fraud Can Be the Basis of Whistleblower Reward Lawsuits that Pay Financial Rewards to Chinese Whistleblowers, Military Contractor Employee Whistleblowers, Government Official Whistleblowers, and other International Whistleblowers by China Electronic Part Fraud Whistleblower Lawyer, Chinese Electronic Manufacturing Fraud Bounty Lawyer, and China Fake Electronic Parts Whistleblower Lawyer Jason S. Coomer

China Electronic Component Supply Chain Fraud Can Be the Basis of Whistleblower Reward Lawsuits that Pay Financial Rewards to Chinese Whistleblowers, Military Contractor Employee Whistleblowers, Government Official Whistleblowers, and other International Whistleblowers by China Electronic Part Fraud Whistleblower Lawyer, Chinese Electronic Manufacturing Fraud Bounty Lawyer, and China Fake Electronic Parts Whistleblower Lawyer Jason S. Coomer
 
Globalization of supply chains in international trade has created a shift in where many electronic component parts are manufactured.  This manufacturing shift includes the production of electronic components that are used in aircraft, military weapons systems, computers, medical equipment, and other products that are purchased by the United States government through procurement contracts.  These electronic components were traditionally manufactured in the United States and Europe, but are now being manufactured in China, Mexico, India, and South America.  When these electronic components are fake or substandard parts, false certifications regarding the quality of these electronic components can be the subject of a Qui Tam False Claims Act Whistleblower Reward Lawsuit.  These lawsuits encourage whistleblowers including international whistleblowers along the electronic component supply chain to blow the whistle on fake military electronic components, low quality electronic components, and other counterfeit electronic parts.

China and the United States are working Together to Expose Government Corruption, Illegal Kickbacks, Supply Chain Fraud, and other Criminal Acts

There is a worldwide effort by the international community to crack down on government corruption, illegal kickbacks, illegal bribes, and supply chain fraud.  This effort includes initiatives by the United States to identify and prosecute illegal bribery schemes of government officials as well as manufacturing fraud that results in defective products being imported into the United States and sold to government entities.  

To identify hard to detect bribery schemes, the United States Securities Exchange Commission is offering large bounties (whistleblower rewards) for persons with specialized knowledge of systematic bribes, complicated bribery schemes, and supply chain fraud resulting in defective military equipment, medical equipment, and pharmaceuticals.  These large economic incentives are designed to encourage international whistleblowers, government officials, business executives, import export experts, customs experts, logistics experts, and other persons aware of complicated import and export bribes and government fraud to step up and become a confidential international trade whistleblower.

There are also Qui Tam False Claims Act Whistleblower Reward Lawsuits that encourage persons with specialized knowledge of supply chain fraud resulting in the sale defective military equipment, medical equipment, and pharmaceuticals to the United States government or other US governmental entities.  These False Claims Act Whistleblower Reward are also available to international whistleblowers, government officials, business executives, import export experts, customs experts, logistics experts, and other persons aware of complicated supply chain fraud.

For more information on Qui Tam False Claims Act Whistleblower Reward Lawsuits and SEC Foreign Corrupt Practices Act Whistleblower Reward Lawsuits, please feel free to follow the below links for more information on exposing electronic component contractor supply chain procurement fraud, defective military equipment fraud, military electronic component fraud, military procurement fraud, and other government contractor procurement fraud: Defense Contractor False Certification of Electronic Components Whistleblower Reward Lawyer and International Electronic Component Manufacturer Fraud Defense Contractor Procurement Whistleblower Reward Qui Tam Lawyer.