Correspondent, Mexico
Mica's Feed
Sep 17, 2015

FIFA puts Secretary General Jerome Valcke on leave

ZURICH/NEW YORK (Reuters) – World football body FIFA put Secretary General Jerome Valcke on leave on Thursday just hours after an ex-footballer raised allegations Valcke may have been involved in an improper deal to resell 2014 World Cup tickets for a lucrative profit.

FIFA, which has been rocked by ongoing corruption investigations by Swiss and U.S. authorities, said in a statement it was made aware of allegations involving Valcke and has requested a formal investigation by the FIFA ethics committee.

Sep 17, 2015

Soccer’s FIFA puts Secretary General Jerome Valcke on leave

ZURICH/NEW YORK (Reuters) – World soccer body FIFA put Secretary General Jerome Valcke on leave on Thursday just hours after an ex-footballer raised allegations Valcke may have been involved in an improper deal to resell 2014 World Cup tickets for a lucrative profit.

FIFA, which has been rocked by ongoing corruption investigations by Swiss and U.S. authorities, said in a statement it was made aware of allegations involving Valcke and has requested a formal investigation by the FIFA ethics committee.

Sep 10, 2015

Analysis – New U.S. prosecution policy is recipe for corporate conflict: lawyers

NEW YORK (Reuters) – Company executives may be quicker to hire lawyers and less likely to cooperate with investigations because of a renewed push by U.S. prosecutors to put individuals in prison instead of only levying big fines on corporations that break the law, lawyers with expertise in white-collar crime cases said.

The Department of Justice, after years of criticism from lawmakers and the general public that people responsible for the 2008-09 financial crisis had not been held accountable, on Wednesday advised prosecutors to take a tougher stand against high-level executives and other employees for wrongdoing under their watch.

Sep 10, 2015

New U.S. prosecution policy is recipe for corporate conflict: lawyers

NEW YORK (Reuters) – Company executives may be quicker to hire lawyers and less likely to cooperate with investigations because of a renewed push by U.S. prosecutors to put individuals in prison instead of only levying big fines on corporations that break the law, lawyers with expertise in white-collar crime cases said.

The Department of Justice, after years of criticism from lawmakers and the general public that people responsible for the 2008-09 financial crisis had not been held accountable, on Wednesday advised prosecutors to take a tougher stand against high-level executives and other employees for wrongdoing under their watch.

Aug 28, 2015

Unions set sights on e-commerce and manufacturing firms after NLRB ruling

By Nathan Layne and Mica Rosenberg

(Reuters) – U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies’ obligations toward contract and franchise workers would help them organize manufacturers and e-commerce companies as well as fast food chains.

On Thursday the National Labor Relations Board (NLRB) ruled the owner of a California recycling plant was a “joint employer” with the contractor that hired workers at the plant, essentially forcing both to bargain with the union together or risk violating U.S. labor law.

Aug 28, 2015

Big labor sees organizing boon for autos, warehouses, more from U.S. ruling

Aug 28 (Reuters) – U.S. union leaders said on Friday that a
landmark U.S. labor board ruling on companies’ obligations
toward contract and franchise workers would help them organize
manufacturers and e-commerce companies as well as fast food
chains.

On Thursday the National Labor Relations Board (NLRB) ruled
the owner of a California recycling plant was a “joint employer”
with the contractor that hired workers at the plant, essentially
forcing both to bargain with the union together.

Aug 21, 2015

Swiss probe into FIFA runs into obstacles-sources

LONDON/NEW YORK (Reuters) – A Swiss criminal investigation
into corruption at the world soccer body FIFA has hit some
roadblocks, according to U.S. and European sources familiar with
the matter.

Barriers to progress include reduced levels of collaboration
with U.S. authorities. who are conducting a parallel probe that
is much more advanced, and an increasing acknowledgment by
prosecutors in Bern that their powers under Swiss law are
constrained in this kind of case, these people said.

Aug 18, 2015

Exclusive – U.S. graft probes may cost Petrobras record $1.6 billion or more

RIO DE JANEIRO/NEW YORK (Reuters) – Brazil’s Petrobras may need to pay record penalties of $1.6 billion (£1 billion) or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters.

State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties ever levied by U.S. authorities in a corporate corruption investigation, according to the person, who has direct knowledge of the company’s thinking. The settlement process could take two to three years, this person said.

Aug 18, 2015

Exclusive: U.S. graft probes may cost Petrobras record 1 billion pounds or more – source

RIO DE JANEIRO/NEW YORK (Reuters) – Brazil’s Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters.

State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties ever levied by U.S. authorities in a corporate corruption investigation, according to the person, who has direct knowledge of the company’s thinking. The settlement process could take two-to-three years, this person said.

Aug 18, 2015

Exclusive: U.S. graft probes may cost Petrobras record $1.6 billion or more – source

RIO DE JANEIRO/NEW YORK (Reuters) – Brazil’s Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters.

State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties ever levied by U.S. authorities in a corporate corruption investigation, according to the person, who has direct knowledge of the company’s thinking. The settlement process could take two-to-three years, this person said.

    • About Mica

      "I cover commodities and general news in Mexico and Central America and as part of the team in Latin America reported on the outbreak of swine flu, a coup in Honduras and the earthquakes in Haiti and Chile. Before Mexico, I was based in Guatemala for two years."
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