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Och-Ziff pays $413 million, becomes first hedge fund to settle FCPA violations

By Dylan Tokar

29 September 2016

Och-Ziff pays $413 million, becomes first hedge fund to settle FCPA violations Daniel Och at the World Economic Forum Monikia Flueckiger on Wikimedia Commons (CC BY-SA 2.0)

Och-Ziff Capital Management Group on 29 September became the first hedge fund to resolve FCPA violations, in a US$413 million settlement over bribes paid to high-level officials in Africa that authorities said were at times cleared by the fund’s top executives.