Daily Archives: December 21, 2018, 10:23 am

Former Alstom UK director jailed for ‘sophisticated’ corruption – The FCPA Blog – The FCPA Blog

A former global sales director for Alstom Power Ltd was jailed for four years and six months Friday for his role in a conspiracy to bribe Lithuanian officials to win two contracts worth $274 million. Nicholas Reynolds, 53, a UK citizen, was convicted earlier this week in the Blackfriars Crown Court in London. He was also ordered to pay $63,000. via Former…

Read More

Lawmakers look to change SEC’s 72-year-old securities definition to exclude cryptocurrencies

Two congressmen are introducing a bill Thursday that would exclude digital currencies from the decades-old definition of a security. The legal definition might seem like an insignificant change, but it has become a heated issue for those in the industry who say the law is outdated for a digital asset class. The “Token Taxonomy Act” — a bipartisan effort by…

Read More