Investigations


Investigate

SFO latest to investigate Glencore over bribery concerns

2019-12-09T18:53:00+00:00By

Glencore announced it is under investigation by the U.K. Serious Fraud Office over suspicions of bribery, making it the third investigation the multinational commodity trading and mining company is now facing.

Tesla

NHTSA probing Tesla for defects that cause battery fires

2019-11-18T16:39:00+00:00By

The National Highway Traffic Safety Administration has launched an investigation into electric-car company Tesla over potential battery defects that allegedly cause its vehicles to suddenly burst into flames.

Oil

SEC investigating ProPetro’s financial disclosures

2019-11-14T19:25:00+00:00By

Oilfield services company ProPetro Holding announced the SEC has opened an investigation into its financial disclosures and reporting.

Gold

EY accused in U.K. gold-laundering scheme

2019-10-29T17:41:00+00:00By

Big Four audit firm EY has been accused of covering up evidence of smuggling by an organized crime gang that was laundering British drug money through gold dealings, according to an investigation by the BBC.

Facebookcrop

Facebook antitrust probe expands to 47 AGs

2019-10-22T17:06:00+01:00By

An antitrust investigation into Facebook led by the New York Attorney General’s office widened with the announcement that 47 attorneys general are now taking part.

SFO building

SFO closes long-running LIBOR manipulation investigation

2019-10-18T18:14:00+01:00By

The U.K. Serious Fraud Office has closed its investigation into manipulation of the London Interbank Offered Rate (LIBOR), ending a probe that began more than seven years ago.

CourtRulingBustsBalloon

Labeling employee a ‘compliance risk’ not defamation, says court

2019-10-16T19:51:00+01:00By

A former Biomet Argentina employee—in a bit of FCPA hot water—landed on his company’s restricted persons list, sued for defamation, and lost.

Kroner

Ericsson reserves $1.2B in FCPA case; speaks candidly on compliance program

2019-09-27T14:07:00+01:00By

Ericsson announced it has set aside $1.2 billion to resolve a long-running FCPA investigation that spans several geographies. CEO Börje Ekholm spoke candidly about the shortcomings of the company’s ethics and compliance program and how it’s addressing them.

Analytics

If feds find fraud using analytics, corporations better have found it first

2019-09-16T17:56:00+01:00By

Deputy Assistant Attorney General Matthew Miner put corporate compliance officers on notice with remarks about the feds’ increasing use of data analytics.

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SEC closes FCPA probe into Ciena

2019-09-16T15:37:00+01:00By

Ciena says the SEC advised the company it does not intend to recommend an enforcement action in connection with a previously disclosed investigation into potential violations of the FCPA.

Google

Google facing antitrust investigation by 50 attorneys general

2019-09-09T20:15:00+01:00By

Texas Attorney General Ken Paxton confirmed Monday that his office is leading an investigation by 50 attorneys general into technology giant Google for potential monopolistic business practices.

Facebook

Facebook faces multistate investigation for possible antitrust violations

2019-09-06T15:34:00+01:00By

The New York Attorney General’s office is leading a multistate investigation into social media giant Facebook for potential antitrust issues.

Money laundering

New FinCEN unit to focus on money laundering threats

2019-08-29T15:05:00+01:00By

FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.

Mylan nears $30M settlement with SEC in EpiPen investigation

2019-07-31T16:35:00+01:00By

Mylan disclosed in a regulatory filing that it has reached a $30 million agreement-in-principle to resolve the SEC’s investigation alleging securities violations for disclosures surrounding EpiPens.

Barr

DOJ launches antitrust probe into Big Tech

2019-07-24T15:10:00+01:00By

The U.S. Department of Justice has opened an antitrust probe into Big Tech firms that are ”engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers.”

Walmart

Five compliance lessons from Walmart’s FCPA settlement

2019-07-22T13:29:00+01:00By

Walmart’s FCPA settlement serves as a cautionary tale for chief compliance officers everywhere of what not to do, but also on how to successfully redress underlying problems.

Amazon

EU investigating Amazon over antitrust concerns

2019-07-17T16:34:00+01:00By

The European Commission is investigating Amazon over concerns that the company’s use of data gathered from independent retailers that sell on its marketplace breaches EU competition rules.

Whistleblower

CFTC issues joint $2M whistleblower award

2019-07-02T14:12:00+01:00By

The Commodity Futures Trading Commission announced on July 1 an award of $2 million to two “model whistleblowers” who provided the agency with “significant information” that prompted the CFTC to open an investigation.

Surgical devices

SEC closes FCPA probe into Misonix

2019-06-24T17:59:00+01:00By

The SEC has closed its FCPA investigation into medical device company Misonix and will not be recommending an enforcement action, the company announced.

Walmart

Walmart agrees to $282.7M FCPA resolution

2019-06-20T19:29:00+01:00By

Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.