Commerce Department closes probe into US electronics components company

The Commerce Department has dropped its investigation into Colorado-based Arrow Electronics over potentially illegal shipments of products to Iran.

30 October 2020

Taiwan’s UMC secures plea deal in major US trade secret theft case

Taiwanese chip maker United Microelectronics Company has agreed to pay $60 million and to cooperate with prosecutors on their case against a Chinese state-owned company after pleading guilty to stealing US-made technology worth over $8 billion.

29 October 2020

Chinese oil services company indicted for trade secret theft

A grand jury in Houston has returned an indictment against Chinese energy company Jason Energy Technologies, its US subsidiary and its top executive over an alleged scheme to steal manufacturing secrets from a US oilfield services company.

29 October 2020

Swiss asset manager becomes latest to attack DOJ agency theory

The DOJ’s case “falls back on the increasingly popular crutches of ‘conspiracy’ and ‘agency’ that the United States uses to pursue foreign nationals it otherwise lacks jurisdiction over,” defence counsel said.

28 October 2020

US prosecutors demand prison time for ex-official behind the FinCEN Files

Manhattan federal prosecutors have said that a former FinCEN senior advisor deserves “serious punishment” for leaking the cache of 2,000 suspicious activity reports.

28 October 2020

Transport exec sentenced to four years for Russia bribery scheme

A Maryland judge sentenced Mark Lambert to 48 months in prison for his role in a corrupt scheme to win lucrative contracts with Russia’s state-owned uranium company.

28 October 2020

Raytheon discloses DOJ accounting investigation

The company received a criminal subpoena targeting information and documents about its financial reporting linked to Raytheon Missiles & Defense.

28 October 2020

DOJ differs with SEC over Beam Suntory conduct

The beverage company’s $19 million FCPA settlement with the DOJ contrasts markedly with an old SEC resolution over the same conduct.

27 October 2020

Odebrecht-linked case raises “novel issues” over foreign convictions

The son of Ecuador’s former comptroller general has pushed back against the SEC, arguing that the commission can’t bring proceedings hinged on a guilty verdict in Ecuador.

27 October 2020

UK financial regulator remains active during pandemic

The UK Financial Conduct Authority has opened a significant number of investigations throughout 2020 despite the covid-19 pandemic.

27 October 2020

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