By Stuart Gittleman, Compliance Complete
NEW YORK, Feb.13 (Thomson Reuters Accelus) - ”I just want to say one word to you. Just one word. Are you listening? Plastics,” a business executive told a young Dustin Hoffman in the 1967 movie The Graduate.
Today’s one word of advice to a young lawyer could easily be “compliance,” Brooklyn Law School Dean Nick Allard said Friday in opening a symposium on “The growth and importance of compliance in financial firms: meaning and implications.” (more…)
By Dan Margolies
WASHINGTON, April 5 (Reuters) – When 17 employees of a dozen or so small and mid-size companies gathered for a cocktail reception last year at Clyde’s restaurant in Washington, D.C., they toasted what they thought was the imminent completion of a $15 million arms deal to outfit the presidential guard of an African country.
Unbeknownst to them, FBI agents were secretly videotaping the meeting. To nail down the deal, the employees had allegedly agreed to pay 20 percent “commissions” to a sales agent they thought represented the African country’s defense minister. The sales agent turned out to be an undercover FBI agent.
The mid- and senior-level managers were among 21 individuals arrested on Jan. 17 at a shooting and hunting trade show in Las Vegas, where they had gathered to meet the mythical defense minister. Simultaneously, 150 FBI agents fanned out across the country to execute search warrants at the employees’ companies.
