Category: corporate corruption
Pandemic Corruption: McSwane exposes government corruption involving AirBoss and other contractors
From Amy Goodman, Democracy Now – 12 Apr 2022 In Pandemic, Inc.: Chasing the Capitalists and Thieves Who Got Rich While We Got Sick, ProPublica investigative reporter J. David McSwane tracks pandemic federal relief funds and finds many contracts to acquire critical supplies were wrapped up in unprecedented fraud schemes that left the U.S. government with subpar and unusable equipment. He…
Deutsche Bank Fired Senior Bankers Over Strip Club Bill
Deutsche Bank AG fired a number of top bankers in New York after a tab run up at a strip club was expensed as legitimate business spending, according to people with knowledge of the matter. Ben Darsney, former Americas head of equity capital markets, Ravi Raghunathan, Brandon Sun and Daniel Gaona were fired after seeking reimbursement for a restaurant visit,…
China’s New Law on Countering Foreign Sanctions
On 10 June 2021, the National People’s Congress Standing Committee of the People’s Republic of China passed the Law of the PRC on Countering Foreign Sanctions (the “Anti-Sanctions Law”). The Anti-Sanctions Law establishes a legal regime for the protection of Chinese individuals and entities from what are deemed to be discriminatory foreign sanctions and for implementing countermeasures against such sanctions. Although…
Opioid manufacturer Purdue Pharma: Criminal and Civil Investigations
Today, the Department of Justice announced a global resolution of its criminal and civil investigations into the opioid manufacturer Purdue Pharma LP (Purdue), and a civil resolution of its civil investigation into individual shareholders from the Sackler family. The resolutions with Purdue are subject to the approval of the bankruptcy court. “The abuse and diversion of prescription opioids has contributed…