corruption

Americans Love to Hate These Professions -- and No Wonder

Congressmen, lobbyists, and car salesmen have some of the worst reputations for honesty and ethics, as do business execs, stock brokers and real estate agents. And there's a reason why: The rules of their games are stacked against good behavior.

Fraud Files: Plenty of Blame to Go Around in the Madoff Case

It's been more than two years since Bernie Madoff's gigantic Ponzi scheme collapsed, but the blame game is just beginning. And many of the victims are jockeying for position, hoping to recover some money from other parties who might be deemed partly responsible for the fraud.

Fraud Files: FCPA Enforcement Will Continue to Be Costly

For decades, U.S. companies doing business overseas have had to avoid falling afoul of the Foreign Corrupt Practices Act, which prohibits the bribing of foreign officials. But in the past few years, such corporate misbehavior is receiving more attention and increased enforcement, which is making executives nervous.

Former New York Comptroller Pleads Guilty to Corruption

Alan Hevesi, the former comptroller of New York state, has pled guilty to corruption charges that he accepted campaign money and gifts from a California venture capitalist in exchange for directing pension-fund money to the donor's firm.

Pharmas Probed Over Foreign Bribery Allegations

Federal investigators are looking into allegations that major drug companies, including Merck, AstraZeneca, Bristol-Myers Squibb and GlaxoSmithKline, paid bribes overseas to boost sales and accelerate approvals.

Lawmakers' Use of Travel Stipends Under Investigation

Congress is questioning six lawmakers over possible misuse of taxpayer dollars meant to pay for overseas travel, The Wall Street Journal reported. The probe is looking into spending by lawmakers including Solomon Ortiz (D., Texas) and Joe Wilson (R., S.C.), The Wall Street Journal reported without naming its sources.

Legal Briefing: Blagojevich Lied But Not Corrupt

The jury found ex-Illinois Governor Rod Blagojevich guilty of lying to the FBI but deadlocked on the 23 other charges. Because of one hold-out juror, Blagojevich goes free on charges including allegedly selling the President's Senate seat.

N.J. Governor Gambles on a Gaming Overhaul

New Jersey's GOP Gov. Chris Christie is preparing to announce sweeping plans to overhaul Atlantic City's casino district, just one part of a set of proposals that would mark the most sweeping changes to the state's gaming industry since casino gambling was legalized.

Six Months Later, Haiti Foresees a Long Road to Recovery

How long will it take Haiti to make even a modest recovery from the devastating earthquake that killed 330,000 people six months ago? At least 20 years, according to the Action Plan released by the impoverished island nation's government.

HP's Russia Scandal: A Little Bribery Never Hurt Anybody

While the U.S. government sniffs around at Hewlett-Packard's allegedly shady dealings in Russia, Harvard economist Jeffrey Miron argues that in some places, bribery can be a good thing, and says the Foreign Corrupt Practices Act only handicaps U.S. companies while doing nothing to prevent corruption.

Legal Briefing: HP May Have Bribed Russians

On Thursday, after two years of investigation by the German government, the U.S. Department of Justice and the Securities and Exchange Commission said they would open investigations into whether Hewlett-Packard bribed Russian officials to win a contract with Russia's top criminal prosecuting agency.