A Brazil-based airline was ordered to pay over $100 million in fines and restitution to settle parallel SEC and DOJ enforcement actions for perpetrating a bribery scheme to gain payroll tax and aviation fuel tax reductions in violation of the Foreign Corrupt Practices Act.
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The DOJ and the SEC charged a subsidiary of an international investment adviser with defrauding investors by concealing billions of dollars of losses and misrepresenting downside risk in connection with a series of hedge funds that collapsed in March 2020.
An indictment was unsealed in the U.S. District Court for the Southern District of New York charging a former account manager of a Swedish multinational telecommunications company with involvement in a bribery scheme in the Republic of Djibouti and conspiracy to commit money laundering.
Two Brazilian nationals and companies under their control settled SEC and DOJ charges for violating the anti-bribery provisions of the Foreign Corrupt Practices Act.
The DOJ filed a civil complaint for the forfeiture of funds from several "front" companies allegedly involved in a scheme to launder U.S. dollars on behalf of sanctioned North Korean banks.