A U.S. Department of Justice official said in remarks that the agency is making a “concerted effort” to speed up the pace of FCPA investigations and that the agency expects cooperating companies to do the same.
A federal court in Detroit has sentenced Volkswagen AG in connection with a decade-long scheme to sell diesel vehicles containing software designed to cheat U.S. emissions tests. As part of the plea agreement, VW will pay a $2.8 billion penalty.
A U.S. federal judge this week ordered Odebrecht to pay $2.6 billion in fines for violations of the Foreign Corrupt Practices Act, securing a plea deal reached last year with authorities in the United States, Brazil, and Switzerland.
Raymond James Financial has reached a $150 million settlement to resolve all investor claims that the firm stole and misused millions of dollars raised through investments solicited under the federal EB-5 visa program.