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 […]
Month: December 2008
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: […]
Former Shays Campaign Manager Subpoenaed
This Connecticut Post report says that Rep. Shays’ former campaign manager was subpoenaed. A federal grand jury investigating the disappearance of up to $300,000 from U.S. Rep. Christopher Shays’ re-election campaign has subpoenaed the veteran congressman’s former campaign manager, Michael Sohn, of Fairfield, the Connecticut Post has learned. Sources with knowledge of the probe said […]