General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHah! Just yesterday, Rosenstein gave speech on importance of Foreign Corrupt Practices Act (FCPA)..
Link to tweet
Here's a pertinent quote:
https://talkingpointsmemo.com/edblog/good-timing-rod
One of the ways that we uphold the rule of law is to fight bribery and corruption. Until a few decades ago, paying bribes was viewed as a necessary part of doing business abroad. Some American companies were unapologetic about corrupt payments.
In 1976, the U.S. Senate Banking Committee revealed that hundreds of U.S. companies had bribed foreign officials, with payments that totaled hundreds of millions of dollars. The Committee concluded that there was a need for anti-bribery legislation. It reasoned that [c]orporate bribery is bad business and fundamentally destructive in a free market society. That was the basis for the Foreign Corrupt Practices Act.
Jarqui
(10,122 posts)It is against that law to try to do something like that. String search for 'bribe' on the link below
https://www.sec.gov/spotlight/fcpa/fcpa-cases.shtml
Enforcement of the Foreign Corrupt Practices Act (FCPA) continues to be a high priority area for the SEC. In 2010, the SEC's Enforcement Division created a specialized unit to further enhance its enforcement of the FCPA, which prohibits companies issuing stock in the U.S. from bribing foreign officials for government contracts and other business.
The following is a list of the SEC's FCPA enforcement actions listed by calendar year:
SWBTATTReg
(22,093 posts)former job EVERY year. Corporate America views this act as very important to the fabric of corporate governance, but unfortunately you get some idiots such as rump who ignore such laws (or probably didn't even know such a law existed).
They need to enforce it more. rump just tried to bribe the president of Russia w/ a $50 million dollar condo...
malaise
(268,844 posts)Important and timely
RockRaven
(14,950 posts)because Trumpland is going to see that as a threat, and the rest of us see it as trolling, regardless of how legitimate and run-of-the-mill-DOJ-business that speech might seem to DOJ or DC insiders.
There would be a special place in hell for his hubris if that speech provoked Trump into doing something which actually effectively killed the Mueller investigation.
unblock
(52,163 posts)how is it not a violation of the fcpa?
Hortensis
(58,785 posts)I've respected him all along, but I really, really liked him after running into a recorded speaking engagement of his while changing channels. The moderator asked him some question that involved the name of a distinguished person admired for his probity,whose name I never knew and promptly forgot. Rosenstein knew. His face lit up, and he sequed off into enthusiastically explaining why the guy was admired for several minutes, and it said so much about him.
"The culture of a society and the character of the people who enforce the law determine whether the rule of law endures." People like Rosenstein are why I believe we'll come out of this all right.
TexasBushwhacker
(20,159 posts)I used to work for an oilfield service company. When we shipped equipment to Nigeria, were had to use a special courier service. It cost a buttload, but they knew who to pay off and how much. It was to only way to get all the equipment to the drill site intact. It was just considered the cost of doing business.