Monthly Archives: November 2015

Madoff Aides Won’t Face Longer Terms as U.S. Drops Appeal – Bloomberg Business

U.S. prosecutors dropped their bid to boost the prison terms for five of Bernard Madoff’s ex-employees, who received “merciful” sentences after being convicted of aiding his $17.5 billion fraud. The sentences for the group, Madoff’s top aides, ranged from 2 1/2 years to 10 years, less than half the time sought by the U.S. In a notice filed Monday in federal appeals…

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Kroll fraud report: Executives feel vulnerable to overseas corruption linked to intermediaries — The FCPA Blog

Half of the executives Kroll polled for its 2015 Global Fraud Report said their companies are at risk of vendor, supplier, or procurement fraud tied to overseas expansion.Forty percent of the respondents felt highly or moderately vulnerable to corruption and bribery. via Kroll fraud report: Executives feel vulnerable to overseas corruption linked to intermediaries — The FCPA Blog

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Eleventh and Second Circuits Tee Up Appellate Challenges to APs | Compliance Week

The issue of whether federal district courts have subject matter jurisdiction over challenges to the constitutionality of SEC administrative proceedings remains unsettled. Although the Seventh Circuit found in favor of the SEC on this issue in August 2015, the controversial issue will soon be considered by both the Eleventh Circuit and the Second Circuit. via Eleventh and Second Circuits Tee…

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