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Two former Och-Ziff executives charged with FCPA violations

Jaclyn Jaeger | January 30, 2017

The Securities and Exchange Commission last week charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act.

Och-Ziff and two other executives previously settled charges against them in the case.

The SEC complaint, filed Jan. 26, alleges that Michael Cohen, who headed Och-Ziff’s European office, and an investment executive on Africa-related deals, Vanja Baros, caused tens of millions of dollars in bribes to be paid to high-level government officials in Africa. Their alleged misconduct induced the Libyan Investment Authority sovereign wealth fund to invest in Och-Ziff managed funds. Cohen and Baros also allegedly directed illicit efforts to secure mining deals to benefit Och-Ziff by directing bribes...

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