July 13th, 2009
ALEXANDRIA, VA. -- Former U.S. Rep. William Jefferson is the first and only U.S. public official to be charged under the Foreign Corrupt Practices Act since it was enacted in 1977.
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July 11th, 2009
The taxman is losing an estimated Sh100 million every week in a tax evasion scheme involving unscrupulous importers working with corrupt customs and airport officials, according to the findings of a Sunday Nation investigation.
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July 10th, 2009
The US Federal Bureau of Investigation (FBI) has released its digest of the weeks top news stories - two of which are financially related. From the
release:
4. San Diego: Indictment Charges Civilian Navy Employees and Contractors with Fraud and Bribery
A 25-count indictment was unsealed on 07/07/09, charging six individuals with corruption and fraud charges related to defense contracting at Space and Naval Warfare Systems Command (SPAWAR), a government organization based in San Diego that is responsible for the development of technology to collect, process, display and manage information essential...
July 10th, 2009
MOSCOW (Reuters) - A new top-level U.S.-Russia commission set up by Presidents Barack Obama and Dmitry Medvedev should help investors resolve problems such as corruption and bureaucracy which are impeding trade, a business leader said.
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