{"id":49,"date":"2013-05-14T10:39:33","date_gmt":"2013-05-14T14:39:33","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/?p=49"},"modified":"2014-09-08T15:43:22","modified_gmt":"2014-09-08T19:43:22","slug":"unprecedented-fcpa-wake-up-call-for-u-s-broker-dealers-and-foreign-banks-has-the-perfect-fcpa-storm-finally-arrived-for-u-s-financial-markets","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/2013\/05\/14\/unprecedented-fcpa-wake-up-call-for-u-s-broker-dealers-and-foreign-banks-has-the-perfect-fcpa-storm-finally-arrived-for-u-s-financial-markets\/","title":{"rendered":"Unprecedented FCPA Wake-Up Call for U.S. Broker Dealers and Foreign Banks: Has the Perfect FCPA Storm Finally Arrived for U.S. Financial Markets?"},"content":{"rendered":"<p>On May 7, 2013, the U.S. Attorney\u2019s Office for the Southern District of New York unsealed extraordinary criminal charges against two registered representatives of a U.S. broker-dealer and a high-level Venezuelan government official for engaging in a \u201cMassive International Bribery Scheme.\u201d What makes this fraud scheme remarkable is that it involves the activities of a U.S. broker-dealer, its client, a foreign-owned and controlled bank, the Foreign Corrupt Practices Act (FCPA) and several suspicious transactions that potentially should have raised concerns\u2014a perfect storm. This case may be the catalyst that jump-starts a government FCPA sweep of Wall Street that has been predicted since 2011, but not realized.<\/p>\n<p>Click <a href=\"On%20May 7, 2013, the U.S. Attorney\u2019s Office for the Southern District of New York unsealed extraordinary criminal charges against two registered representatives of a U.S. broker-dealer and a high-level Venezuelan government official for engaging in a \u201cMassive International Bribery Scheme.\u201d What makes this fraud scheme remarkable is that it involves the activities of a U.S. broker-dealer, its client, a foreign-owned and controlled bank, the Foreign Corrupt Practices Act (FCPA) and several suspicious transactions that potentially should have raised concerns\u2014a perfect storm. This case may be the catalyst that jump-starts a government FCPA sweep of Wall Street that has been predicted since 2011, but not realized.   Click here to view the full alert.\" target=\"_blank\">here<\/a> to view the full alert.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 7, 2013, the U.S. Attorney\u2019s Office for the Southern District of New York unsealed extraordinary criminal charges against two registered representatives of a U.S. broker-dealer and a high-level Venezuelan government official for engaging in a \u201cMassive International Bribery Scheme.\u201d What makes this fraud scheme remarkable is that it involves the activities of a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/2013\/05\/14\/unprecedented-fcpa-wake-up-call-for-u-s-broker-dealers-and-foreign-banks-has-the-perfect-fcpa-storm-finally-arrived-for-u-s-financial-markets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Unprecedented FCPA Wake-Up Call for U.S. Broker Dealers and Foreign Banks: Has the Perfect FCPA Storm Finally Arrived for U.S. Financial Markets?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,12,51,11,13],"ppma_author":[244],"class_list":["post-49","post","type-post","status-publish","format-standard","hentry","category-general","tag-broker","tag-dealer","tag-fcpa","tag-international","tag-white-collar","tag-wolfe"],"authors":[{"term_id":244,"user_id":13,"is_guest":0,"slug":"mmwolfe","display_name":"Mauro M. Wolfe","avatar_url":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-content\/uploads\/sites\/11\/2015\/01\/wolfemauro-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":"","9":"","10":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/posts\/49","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/comments?post=49"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/posts\/49\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/media?parent=49"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/categories?post=49"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/tags?post=49"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/whitecollarcriminallaw\/wp-json\/wp\/v2\/ppma_author?post=49"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}