Gov. Bill Richardson is facing allegations related to a company involved in a municpal bond controversy in Alabama, according to this report. The grand jury in Albuquerque is looking into Beverly Hills, California-based CDR Financial Products Inc., which received almost $1.5 million in fees from the New Mexico Finance Authority in 2004 after donating $100,000 […]
Day: December 15, 2008
Siemens AG FCPA Guilty Plea
In the largest case of its kind, Siemens AG pled guilty to violations of the Foreign Corrupt Practices Act and agreed to pay a criminal fine of $450 million. From the 1990s through 2007, Siemens engaged in a systematic and widespread effort to make and to hide hundreds of millions of dollars in bribe payments […]
Exploring the Causes of the Financial Crises
The Times is publishing a series of articles exploring the causes of the financial crises. The latest is a profile of Sen. Schumer. Senator Schumer plays an unrivaled role in Washington as beneficiary, advocate and overseer of an industry that is his hometown’s most important business. … Donors describe the Schumer pitch as unusually aggressive: […]