bribery News

Ex-FDNY Chief Gets 20 Months Over Bribes to Expedite Inspections

A former New York City Fire Department chief will spend 20 months behind bars after admitting to taking thousands of dollars of bribes in exchange for preferential treatment on building inspections and approvals. Brian Cordasco, a chief in the Bureau …

UK Pledges Anti-Bribery Cooperation With French, Swiss After US Retreat

British, French and Swiss prosecutors agreed to form a new intelligence sharing partnership in a bid to tackle overseas corruption following the pullback of US authorities from international bribery cases. The three senior prosecutors announced the initiative Thursday [March 20] …

Europe Braces for Freeze of US Foreign Corruption Practices Act

In recent years, Glencore Plc, Airbus SE and Credit Suisse have collectively paid more than $5.5 billion in fines for their roles in sprawling corruption cases. While law enforcement in France and the UK took the lead, the involvement of …

Ex-New York Fire Chief Pleads Guilty to Accepting Bribes to Speed Inspections

A former New York City Fire Department chief pleaded guilty Tuesday to a federal conspiracy charge, admitting that he and others solicited tens of thousands of dollars over two years to give preferential treatment in scheduling safety inspections. Brian Cordasco, …

Two Former New York Fire Chiefs Face Bribery Charges Tied to Safety Inspections

Two former chiefs of the New York City Fire Department (FDNY) have been charged with bribery and corruption for allegedly expediting access to fire safety inspections for preferred customers in exchange for payments. Anthony Saccavino and Brian Cordasco were indicted …

New Jersey’s US Senator Menendez Convicted of Bribery, Foreign-Agent Charges

US Senator Bob Menendez, the once-powerful New Jersey Democrat, was found guilty of bribery, extortion and acting as a foreign agent of Egypt after a corruption trial focused on 13 gold bars, nearly $500,000 in cash and a Mercedes-Benz seized …

Insurance Agent Pleads Guilty, Will Testify in Bribery Case Against Senator Menendez

A former New Jersey insurance agent has agreed to a deal with prosecutors under which he will testify in the federal corruption case against U.S. Senator Bob Menendez. In federal court in Manhattan last Friday, Jose Uribe pleaded guilty to …

UK’s Legal & General Launches Fresh UK Lawsuit Against Glencore After Bribery Scandal

Legal & General Group Plc have launched a fresh lawsuit against Glencore Plc, months after the commodities giant pleaded guilty to allegations of market manipulation and bribery. A group of Legal & General funds filed claims against Glencore on Jan. …

Miner Glencore Faces Raft of Class-Action-Style Lawsuits in UK After Admitting Bribery

Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment Company and International Petroleum Investment Company are among over …

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to …