Tag: bribery

Written by FinCrime

SEC Charges Exelon, its Subsidiary Commonwealth Edison, and Subsidiary’s Former CEO Anne Pramaggiore with Fraud in Connection with Political Corruption Scheme

Reported by Market Screener The Securities and Exchange Commission today charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon’s subsidiary, and former ComEd CEO Anne Pramaggiore with fraud in connection with a multi-year scheme to corruptly influence and reward then-Speaker of the Illinois House of Representatives Michael Madigan. Exelon and ComEd agreed to settle the charges, with Exelon paying a […]

Written by FinCrime

CT man charged in Brazilian Petrobras money laundering scheme

Reported by EDMUND H. MAHONY A federal grand jury indicted a Greenwich oil and gas trader Tuesday for his role in a scheme to bribe Brazilian officials in order to win contracts with state-owed Brazilian energy company, Petróleo Brasileiro S.A., known as Petrobras. Gary Oztemel, 66, was named in a superseding indictment with his brother, Glenn Oztemel, […]

Written by FinCrime

A $60 Million Bribe. A $1.3 Billion Bailout. A 20-Year Prison Sentence.

Reported by Michael Wines The former speaker of the Ohio House of Representatives was given the maximum 20-year prison sentence on Thursday for his central role in what prosecutors said was perhaps the biggest public corruption scandal in the state’s history. The former speaker, Larry L. Householder, was convicted in March of racketeering and bribery […]

Written by FinCrime

US judge in Texas dismisses charges against Swiss banker allegedly tied to Venezuela bribery scheme

Reported by JOSHUA GOODMAN Associated Press Writer A federal judge in Houston has dismissed criminal charges against a Swiss banker accused of helping stash millions in bribes paid to senior Venezuelan oil officials over long delays in bringing the case to trial. Judge Kenneth Hoyt ruled Wednesday that unjustified trial delays violated Paulo Murta’s constitutional […]

Written by FinCrime

Sacklers Gave Millions to Institution That Advises on Opioid Policy

Reported by Christina Jewett For the past decade, the White House and Congress have relied on the National Academies of Sciences, Engineering and Medicine, a renowned advisory group, to help shape the federal response to the opioid crisis, whether by convening expert panels or delivering policy recommendations and reports. Yet officials with the National Academies have […]

Written by FinCrime

Feds: Westport man charged in international bribery and money laundering case

Reported by: Jasmine Sheena WESTPORT — A Westport resident has been charged with conspiracy, multiple counts of violating the Foreign Corrupt Practices Act and money laundering, the U.S. Attorney’s Office for the District of Connecticut said Friday. Glenn Oztemel, 64, is accused of bribing officials affiliated with Brazil’s state-owned energy company, Petróleo Brasileiro S.A.-Petrobras, to […]

Written by FinCrime

Crypto Giant Binance Expects to Pay Penalties to Resolve U.S. Investigations

Reported by: Dave Michaels Binance, the world’s largest cryptocurrency exchange, expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview. Binance grew quickly and began as a business powered by software engineers unfamiliar with laws and rules written to address the […]