Bribery, Fraud & Tax Evasion
More than 500 people packed the Pompano Beach Civic Center on Monday night in a formidable display of opposition to Enron Corp.'s plans for a power plant next to Florida's Turnpike.
In February, the United States attorney's office in Manhattan is scheduled to go to trial in the largest foreign bribery case brought against an American citizen. It involves a labyrinthine trail of international financial transfers, suspected money laundering and a dizzying array of domestic and overseas shell corporations. The criminal case names Mr. Nazarbayev as an unindicted co-conspirator.
Greek tax investigators have raided the house of Christos Sclavounis, the former head of investment banking for UBS. The crackdown is part of an agreement that the country reached with international lenders in order to reduce tax evasion by Greek elites suspected of hiding their income in Switzerland.
On Tuesday, 22 top-level arms industry executives, including a senior sales executive at Smith & Wesson, were arrested in what Justice Department officials called the first undercover sting ever aimed at violations of the federal ban on corporate bribes paid to get foreign business. The individuals are being prosecuted under the Foreign Corrupt Practices Act.
Ten of the world's most powerful oil, gas and mining companies own a staggering 6,038 subsidiaries with over a third located in 'secrecy jurisdictions'.
The Tokyo Stock Exchange suspended trading in shares of Livedoor Co. on Wednesday after media reports that the Internet company, which was raided by prosecutors on Monday, had tampered with its earnings reports.
Two private security contractors have lodged formal protests against the Army, claiming they have been unfairly excluded from competing for one of the largest security jobs in Iraq, according to government documents and sources familiar with the matter.
The implications of Enron's dramatic fall extend far beyond US borders. The once-mighty energy giant's murky dealings in Latin America have emerged as a hot political issue throughout the region, where politicians in some countries are using it as an election tool or to take attention away from their own economic or political woes.
An Alabama jury yesterday convicted HealthSouth Corp. founder Richard M. Scrushy -- acquitted last year of federal accounting-fraud charges -- of paying half a million dollars in bribes to former governor Don Siegelman in exchange for a seat on a state health-care board.