A LITTLE LESS CONVERSATION, A LITTLE MORE ACTION: EVALUATING AND FORECASTING THE TREND OF MORE FREQUENT AND SEVERE PROSECUTIONS UNDER THE FOREIGN CORRUPT PRACTICES ACT

From: Fordham Journal of Corporate & Financial Law | Date: March 1, 2007| Author: Marceau, Justin F | Copyright information

In the wake of increasingly common, creative, and severe prosecutions under the Foreign Corrupt Practices Act ("FCPA"), scholars and practitioners must acknowledge that the time for talk-i.e., non-punitive voluntary disclosures and abstract debate-has given way to an era of aggressive enforcement actions by the Department of Justice and the securities Exchange Commission. The bare numbers tell much of the story: the Department of Justice has initiated four times more prosecutions over the las...

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