Corruption Eruption

By Jim Wesberry | On Planet Corruption every day a new Eruption

The disease of corruption: views on how to fight corruption to advance 21 st century global health goals

Corruption has been described as a disease. When corruption infiltrates global health, it can be particularly devastating, threatening hard gained …

Health

These are the most 11 most corrupt countries in the developed world

The World Economic Forum (WEF) has released its annual corruption index as part of an Global Competitiveness Report.<p>The findings are based on WEF's Executive Opinion Survey, which interviewed nearly 15,000 business leaders from 141 economies between February and June 2016.<p>Countries in the …

Developed World

Weatherford to Pay $140 Million for Accounting Fraud

The oil and natural gas services company Weatherford International will pay a $140 million penalty to settle accounting fraud charges.

The Proper Channels For Whistleblowing Still Mostly A Good Way For Messengers To Get Shot

Whistleblower protections offered by the federal government are great in theory. In practice, they're a mess. This administration has prosecuted more …

Security

TRACE International | Blog

September 27, 2016<p>Last week, when Russian police stormed the home of Dmitry Zakharchenko, the deputy head of Russia’s domestic anti-graft agency, …

Exposed: The secret powerhouse processing millions in global fraud

<b>New York (CNN) —</b> Editor's Note: Today, a Canadian payment processor named PacNet Services, Ltd. became one of the many targets of an unprecedented crackdown on global mail fraud, which was announced today by Attorney General Loretta Lynch. CNNMoney, which exclusively broke the news of this action, …

Fraud

Corruption Currents: Wells Fargo Employees Allege Firings for Reporting Wrongdoing

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery: A prominent Buffalo, N.Y. developer, Louis …

Corruption

Canadian Mint employee accused of smuggling $180K of gold in his rectum

An employee of the Royal Canadian Mint allegedly smuggled about $170,000 in gold from the fortress-like facility, possibly evading multiple levels of …

Armed Forces Foundation ex-director charged with fraud, tax evasion, lying to IRS

Federal prosecutors announced an eight-count indictment Tuesday against Patricia P. Driscoll, charging her with a fraud and tax-evasion scheme as president of the Armed Forces Foundation, a Washington-based charity that assists veterans.<p>Driscoll resigned July 12 after 12 years at the military …

Fraud

How "shell" companies launder dirty money

Drug cartels exploit loose incorporation rules in states like Delaware to move cash around the globe and not be tracked

Money

George W. Bush’s Afghanistan reconstruction efforts killed by corruption

President George W. Bush’s hopes of building a viable nation in Afghanistan fell victim not to the ongoing Taliban insurgency but rather to endemic …

Corruption

US funds fed corruption in Afghanistan, eroding security fighting Taliban – report

From the very beginning of its intervention in Afghanistan, the US sabotaged its own efforts by feeding corruption in the country’s government and the security forces meant to fight the Taliban, according to a new report by a US Congress watchdog.<p>“Corruption undermined the US mission in Afghanistan …

Security

US: Political Corruption? From Now On, Anything Goes (Almost)

The U.S. Department of Justice has announced that it will not seek a new trial of the former Governor of the state of Virginia, Robert McDonnell and …

Corruption

How the 2016 Election Is Testing the Legal Standard on Corruption

In deciding a landmark case on campaign finance six years ago, the Supreme Court drew a bright line between actual corruption and the mere appearance of impropriety.<p>In its <i>Citizens United</i> decision, the majority of the court argued that “the appearance of influence or access” to a politician “will …

Corruption

The Most Powerful -- And Corrupt -- Politician in Brazil Finally Has Mandate Ended

Brazilians concerned with rampant corruption in their political system have reason to rejoice today: the man who many consider the most corrupt politician in Brazil – a title for which there is much competition, and who had been removed from office in May – finally had his mandate ended.<p>In May, a …

Brazil

Corruption Currents: North Korea Calls U.S. Sanctions ‘Laughable’

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery: A court in Israel on Sunday extended the …

Corruption

Investors managing over $740 billion call for transparency over American company owners « Global Financial Integrity

September 7, 2016<p><i>Call follows alarm over range of threats to investments from anonymous company owners</i><p><b>** Read the full letter to the Senate</b> <b>HERE</b> <b>and</b> …

China to prosecute former statistics bureau chief for corruption

BEIJING (Reuters) - China will prosecute the former head of its statistics bureau, the country's anti-corruption watchdog said on Friday, accusing him of serious violations of discipline, including extravagance, abuse of power and selling power for sex.<p>President Xi Jinping has conducted a sweeping …

China

After Brazil's Rousseff ousted, what about corruption probe?

RIO DE JANEIRO (AP) — When Brazilian President Dilma Rousseff was kicked out of power, she became the biggest casualty of a massive corruption probe that is roiling Latin America's largest country — even though she was never personally implicated in the scheme.<p>With Rousseff's permanent departure …

Brazil

Beyond Dilma: The New Era of Anti-Corruption Enforcement

By Frank VoglThe Brazilian President’s removal from office will send shockwaves across Latin America, and possibly beyond.Over the past 25 years, a …

Corruption

This is the impact of corruption on taxation and growth

Despite a public rhetoric about taxation that can be shockingly simplistic – good versus bad! – the relationship between taxation and economic growth …

Taxes

August 2016 Ponzi Scheme Roundup

<b>Posted by Kathy Bazoian Phelp</b>s<p>Below is a summary of the activity reported for August 2016. The reported stories reflect: 4 guilty pleas or …

Leonardo DiCaprio urged to repay donations tied to massive Malaysian 'embezzlement scheme'

Leonardo DiCaprio's charity has been urged to repay donations linked to a Malaysian fund that backed his film The Wolf of Wall Street. The foundation is being investigated by the US department of justice over alleged ties to a $3.5 billion embezzlement scandal whose “misappropriated” funds were …

Leonardo Dicaprio

Mother and Son Plead Guilty to Orchestrating $16 Million Medicare Fraud Scheme at Two Miami Pharmacies

A mother and son based in Miami each pleaded guilty today to fraud charges for their roles in a $16 million Medicare fraud scheme.<p>Assistant Attorney …

14 Arrested In Raids Related to $16 Million Food Stamp Fraud

<b>BALTIMORE (WJZ) —</b> More than a dozen retail store operators in and around Baltimore have been charged in connection to a huge food stamp and wire …

Fraud

The SEC Has Awarded $22 Million to a Monsanto Whistleblower

For uncovering accounting improprieties<p>A former Monsanto MON executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company’s top-selling Roundup product has been awarded more than $22 million from the agency’s whistleblower program, the …

Monsanto

Corruption Currents: U.S. Pays Millions to BHP Billiton Whistleblower

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery: Philippines President Rodrigo Duterte …

Corruption

Fighting Fraud and Corruption in the Humanitarian and Global Development Sector (Hardback)

There are an estimated 40,000 international Non-Government Organisations (NGOs), working in an enormous global aid industry; official development …

It's time to talk about fraud in aid agencies

Some years ago, researchers from a British university contacted the member agencies of the Disasters Emergency Committee (DEC) to ask them how they measured fraud. The responses were not encouraging: “we are too busy to help”, “we are unable to respond to your exact request” and “we do not measure …

Fraud