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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jaclyn Jaeger2023-05-30T13:00:00
The Supreme Court struck yet another blow to the Department of Justice (DOJ) and its public corruption case efforts in two separate unanimous decisions handed down May 11.
In the first case, Percoco v. United States, the central issue addressed the scope of “honest services fraud.” The honest services theory typically holds public officials have a fiduciary duty to provide the “intangible right of honest services” in performing their elected or appointed service to the public. Thus, any scheme to deprive the public of that right—such as accepting a bribe or kickback—might result in the prosecution of honest services fraud.
In Percoco, the defendant was a private citizen with government connections. Joseph Percoco was a former top aide to then-New York Gov. Andrew Cuomo. Percoco had temporarily left his government position to assume a private role as Cuomo’s campaign manager.
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2023-05-17T19:30:00Z By Aaron Nicodemus
One of the ways the Department of Justice will assess a firm’s compliance program is by judging how accessible and visible a company’s data is to its compliance function, an agency official told attendees at Compliance Week’s 2023 National Conference.
2023-05-03T19:29:00Z By Aaron Nicodemus
A new report from the Committee of Sponsoring Organizations of the Treadway Commission offers a blueprint to organizations for establishing an overall fraud risk management program.
2023-04-19T13:16:00Z By Jaclyn Jaeger
A critical examination of Ericsson’s 2019 deferred prosecution agreement and the Department of Justice’s determination the company breached the agreement raises questions regarding the overall lack of accountability in the corruption scheme.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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