The Commission’s FCPA complaint against two individuals at a hedge fund management firm involved with what the agency called a “sprawling scheme” to bribe various African public officials was dismissed as time barred. Specifically, the Court dismissed the SEC’s amended complaint against Michael Cohen and Vanja Baros, each of whom was employed by a subsidiary of hedge fund management firm Och-Ziff Capital Management LLC, based on the statute of limitations. SEC v. Cohen, Civil Action No. 17-cv-430 (S.D.N.Y. Order entered July 12, 2018).
‘Enforcement 40’ for 2020
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