The SEC have Charged Two Former Och-Ziff Executives With FCPA Violations, and in doing so, it is claimed that Jersey, Guernsey and Maltese entities were used in Libyan government bribes. The following is shown in the SEC complaint:- Agent 1 also used portions of the $2.25 million installments to direct payments to Libyan Government Official […]

The US Securities and Exchange Commission (“SEC”) has (on 6 January 2017) awarded more than USD 5.5 million to a whistleblower who provided critical information that helped the SEC to bring a successful enforcement action to end the scheme. The SEC has now awarded approximately $142 million to 38 whistleblowers since issuing its first award […]

 The SEC has increasingly examined private equity advisers and will likely continue to do so, with a particular focus on improper disclosure of conflicts and the allocation of fees and expenses. A settled enforcement action, announced by the U.S. Securities and Exchange Commission (SEC) on September 14, 2016, continues the trend of increased SEC scrutiny […]

Hedge fund Och-Ziff has agreed to pay $413 million fines to U.S. regulators after a subsidiary was charged with paying bribes to government officials in several African nations. Chief Executive Daniel Och will pay a $2.2 million fine. According to the Securities and Exchange Commission, Och-Ziff used intermediaries, agents, and business partners to pay bribes to high-level […]

In the widening investigations of Miami-based Providence Financial’s global investment schemes, investor losses are mounting on the other side of the pond, too, and findings about the company have been described as “a reeking pile of guano.” A judge for the Royal Court of Guernsey, a financial centre in the British Channel Islands, was told […]