Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

More fallout from Och-Ziff corruption case

Tom Fox | January 8, 2018

In an interesting turn of events, the Och-Ziff corruption case recently reared its head once again, following news that Michael Cohen—who once oversaw the company’s investments in Europe, the Middle East and Asia—is facing criminal charges of fraud and obstruction of justice, according to recently unsealed court documents.

In the indictment filed in New York federal court, prosecutors said that Cohen concealed conflicts of interest from a United Kingdom-based charitable organization. Cohen, according to the indictment, "made material misrepresentations and omissions to the charitable foundation concerning conflicts of interest and self-dealing that existed with the transaction." Specifically, Cohen failed to disclose that one of the proposed sellers of the shares owed Cohen $18 million and was planning to use proceeds from the sale of the shares to repay Cohen $4 million. The indictment...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.