Daily Archives: September 3, 2013, 8:30 am

Three men plead guilty to bribery charges involving two state banks in Venezuela — Caribbean News Now!

Three employees of a New York-based US broker-dealer have pleaded guilty for their roles in bribery schemes involving two state economic development banks in Venezuela. Ernesto Lujan, Jose Alejandro Hurtado and Tomas Alberto Clarke Bethancourt pleaded guilty in New York federal court to conspiring to violate the Foreign Corrupt Practices Act (FCPA), to violate the Travel Act and to commit…

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Everbright Sued by Investors for Damages on China Insider Trade – Businessweek

Everbright Securities Co. 601788, ordered by China’s securities regulator to pay a record 523 million yuan $85 million for insider trading, was sued by investors in Guangzhou and Shanghai seeking damages for losses. Courts in the two cities have received the claims and haven’t yet decided whether to accept them, Ye Xiaolei and Yan Yiming, lawyers for the investors, said…

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