Justice’s Bribery Racket

Wall Street Journal, February 16, 2012

Justice’s Bribery Racket

The government saw a $1.8 billion windfall in FCPA-related fines and penalties from Justice and the Securities and Exchange Commission in 2010 and another $508.6 million in 2011. According to a report last month by the New York City Bar Association, by April 2011 the five biggest FCPA fines were more than $300 million each, up from a single largest fine of $28.5 million in January 2007. In many cases, companies settle for fines even if they dispute the charge to avoid the reputational risk of an indictment.

The entire article may be read here.