Friday, December 25, 2015

Corruption Currents: Pakistan Arrests Alleged Diploma Mill CEO

Latest: Corruption and Money Laundering.


Wal-Mart Stores Inc.WMT -0.43%’s foreign-bribery scandal remains a concern for Glass Lewis & Co., which is telling investors to vote against three board members over the issue at the annual meeting next week. (Bloomberg)
Cypriot authorities are trying to recover bribery pay-offs. (Cyprus Mail)
A tick-tock on how the arrests of FIFA officials happened is here. (Bloomberg, NY Times)
The FCPAProfessor and Mike Volkov both analyze the BHP case. Tom Fox starts aseries on handling an economic downturn. The FCPA Blog continues a series on freedom from corruption.
Cybercrime:
An Australian man linked to Silk Road was sentenced to time served. Prosecutors areseeking more than 20 years in prison for the mastermind of Silk Road; he asked formercy. (Reuters, AAP, Bloomberg, Ars Technica)
Money Laundering:
Pakistani investigators arrested the chief executive of Axact, a software company accused of running a global diploma mill, after discovering a storage room filled with blank fake degrees. Expanded charges against him included money laundering. He has denied wrongdoing. (NY Times, NY Times)

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