By Adrianne Appel2023-12-14T21:08:00
Freepoint Commodities agreed to pay nearly $99 million to settle allegations by the Department of Justice (DOJ) that it paid bribes to Brazilian government officials in return for business from state-owned oil company Petrobras.
Freepoint was assessed a criminal penalty of $68 million and agreed to forfeit more than $30.5 million, the DOJ announced Thursday. The Connecticut-based commodities trading company agreed to disgorge more than $7.6 million as part of a related resolution with the Commodity Futures Trading Commission (CFTC) charging it with misappropriation-based fraud.
Freepoint entered into a three-year deferred prosecution agreement with the DOJ, based on a criminal information filed in U.S. District Court for the District of Connecticut.
2024-04-02T13:33:00Z By Adrianne Appel
The value the Department of Justice places on cooperation can be measured by studying penalties and agreements resulting from the agency’s long-running investigation into bribery and corruption by oil traders operating in Latin America and Africa.
2024-02-01T15:57:00Z By Jeff Dale
Multinational produce and agriculture company Calavo Growers disclosed in an annual filing an investigation into its Mexico operations found potential issues under the Foreign Corrupt Practices Act.
2024-01-10T20:31:00Z By Kyle Brasseur
German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act.
2025-09-17T17:20:00Z By Adrianne Appel
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
2025-09-16T20:11:00Z By Adrianne Appel
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
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