Subscribe to our FinCrimes Update for news about the Foreign Corrupt Practices Act and related prosecutions and enforcement actions.
On April 30, an Austrian court refused the United States' request to extradite Ukrainian billionaire Dmitry V. Firtash on racketeering, bribery, money laundering, and other charges. In June 2013, a federal grand jury in Chicago returned a sealed indictment for Firtash and five others for their alleged participation in a racketeering conspiracy to bribe government officials in India to permit the mining of titanium materials. Five of the six defendants, including Firtash, were charged with conspiracy to violate the FCPA, among other offenses. Firtash was arrested in Austria in March 2014 and was released after he posted $174 million in bail. The grand jury's indictment was unsealed in April 2014. The Austrian court ruled that the United States' request was politically motivated and that there was not sufficient evidence to justify Firtash's extradition under the applicable treaty. In so ruling, the Austrian Judge explained from the bench: "America obviously saw Firtash as somebody who was threatening their economic interests . . . . There just wasn't sufficient proof." The DOJ has denied any political motivations and has appealed the ruling.
- John R. Coleman to discuss “CFPB update” at the MBA Legal Issues and Regulatory Compliance Conference
- Kathryn L. Ryan to discuss "State licensing and NMLS challenges" at MBA’s Legal Issues and Regulatory Compliance Conference
- Jonice Gray Tucker to discuss “Fair lending and equal opportunity laws” at the MBA Legal Issues and Regulatory Compliance Conference
- Jeffrey P. Naimon to discuss “Contemplating the boundaries of UDAAP” at the MBA Legal Issues and Regulatory Compliance Conference
- Steven vonBerg to speak at closing “super session“ on compliance topics at MBA Legal Issues and Regulatory Compliance Conference
- Buckley Webcast: Fifth Circuit muddles CFPB’s plans to use in-house judges in enforcement proceedings
- Jeffrey P. Naimon to discuss “Understanding the ESG impact on compliance” at the ABA’s Regulatory Compliance Conference