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hlthe2b

(102,188 posts)
Fri Nov 30, 2018, 11:37 AM Nov 2018

Hah! Just yesterday, Rosenstein gave speech on importance of Foreign Corrupt Practices Act (FCPA)..




Here's a pertinent quote:
https://talkingpointsmemo.com/edblog/good-timing-rod
The rule of law is not simply about words written on paper. The culture of a society and the character of the people who enforce the law determine whether the rule of law endures.

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.

Unsurprisingly, President Trump, a career criminal, is a longtime and outspoken opponent of the FCPA.
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Hah! Just yesterday, Rosenstein gave speech on importance of Foreign Corrupt Practices Act (FCPA).. (Original Post) hlthe2b Nov 2018 OP
Floating a $50 mil condo for Putin smells badly like a bribe Jarqui Nov 2018 #1
The foreign corrupt practices act was one that I had to review and sign off on in my ... SWBTATTReg Nov 2018 #2
Get thee to the greatest page malaise Nov 2018 #3
He must be pretty sure the Mueller investigation is safe, RockRaven Nov 2018 #4
seems as straightforward as offering a cop cash to not ticket you for speeding. unblock Nov 2018 #5
Gee, sounds almost as if he were still plugged in. :) Hortensis Nov 2018 #6
Interesting. I'm sure a lot of palms still get greased TexasBushwhacker Nov 2018 #7
Well.... whaddya know 'bout that..... NT Adrahil Nov 2018 #8

Jarqui

(10,122 posts)
1. Floating a $50 mil condo for Putin smells badly like a bribe
Fri Nov 30, 2018, 11:45 AM
Nov 2018

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)
2. The foreign corrupt practices act was one that I had to review and sign off on in my ...
Fri Nov 30, 2018, 11:46 AM
Nov 2018

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...

RockRaven

(14,950 posts)
4. He must be pretty sure the Mueller investigation is safe,
Fri Nov 30, 2018, 11:50 AM
Nov 2018

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)
5. seems as straightforward as offering a cop cash to not ticket you for speeding.
Fri Nov 30, 2018, 08:54 PM
Nov 2018

how is it not a violation of the fcpa?

Hortensis

(58,785 posts)
6. Gee, sounds almost as if he were still plugged in. :)
Fri Nov 30, 2018, 09:07 PM
Nov 2018

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)
7. Interesting. I'm sure a lot of palms still get greased
Fri Nov 30, 2018, 09:12 PM
Nov 2018

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.

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