In early June, federal agencies brought some of the first enforcement actions against COVID-19 securities fraudsters, involving over $100 million in fraudulent claims and profits, making good on their promise to investigate...more
In a novel and aggressive move likely aimed at garnering goodwill with federal regulators, Venezuelan state-owned entity CITGO Petroleum Company (“CITGO”) has sued its former agent for harm CITGO alleges was caused by the...more
6/4/2020
/ Asset Recovery ,
Bribery ,
Citgo ,
Crime Victims ,
Criminal Liability ,
Department of Justice (DOJ) ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Investment ,
Oil & Gas ,
Popular ,
Venezuela
In a little-noticed move yesterday, the U.S. Department of Justice (“DOJ” or “Department”) quietly amended its most important guidance document on corporate compliance. While the updates are far from a dramatic overhaul, they...more
Scrutiny into Paycheck Protection Program Loans Intensifies — Attracts SEC Attention-
Public companies applying for Paycheck Protection Program (“PPP”) loan funds have been under increasing political and media scrutiny....more
On April 14, 2020, for the first time, the Department of Justice (“DOJ”) published a list identifying all corporate monitors actively engaged by companies as a part of criminal resolutions with the Criminal Division’s Fraud...more
The COVID-19 pandemic has caused enormous pain and financial harm and it will take months, or even years, before we know its full impact. As of the time that this article is published, there will be over 1.4 million known...more
As previously noted by the V&E Report, enforcement of the Foreign Agents Registration Act (“FARA”) is on the rise due to recent concerns about covert foreign influence in U.S. politics and elections, and one industry has been...more