The Infortal Blog

FCPA Recidivists and Due Diligence Investigations

According to FCPA tracker data, there are around 100 Foreign Corrupt Practices Act (FCPA) investigations ongoing as of August 2022, with 20 new investigations disclosed since the beginning of 2020. A recent report on FCPA Blog, notes that of these 20 newly-disclosed investigations, three of the companies, or 15%, were involved in prior FCPA enforcement […]

Protecting the Board

Board Risks and How to Mitigate Them The board of directors play a critical role in a company. They represent the company and have a fiduciary duty to its shareholders and assets. While they do not participate in the day-to-day activities and decisions of a business, they do oversee strategic planning and company operations, set […]

“Heroes and Monsters”

An Artistic Dive into Due Diligence Through the Brush of Art Fraud Art. The word has spawned the question: “What is art?” It is a fairly modern question. As Sir Roger Scruton says in his documentary Why Beauty Matters, “At any time between 1750 and 1930, if you'd asked educated people to describe the aim […]

Uber: A Legacy of Reputational Damage

Showcasing the Need for Due Diligence Investigations Reputation is critical in business. Warren Buffet once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” With the advent of social media, the turnaround for good or ill is even faster. Now, […]

Assessing Character: The Indispensable CEO Quality

A number of interesting C Suite “characters” have been in the spotlight in recent years in the area of business corruption, fraud, and other acts of misconduct. These “bad actors” engaged in a multitude of bad actions and questionable behaviors, sometimes criminal activities, ranging from fraud, embezzlement, bribery, and money laundering, leading to serious reputation […]

Spotlight on FCPA Violations – Q2 2022

Foreign Corrupt Practice Act (FCPA) enforcements so far in 2022 total $112.3 million in settlements with three companies: South Korea’s KT Corporation, Stericycle, Inc. headquartered in Illinois, and in June, Luxembourg steel pipe manufacturer Tenaris. Stericycle numbers climbed to over $82 million in combination with settling parallel criminal and civil charges to the US and […]

Glencore’s $1.18 Billion FCPA and CFTC Violations: What this Means for Businesses

The U.S. Department of Justice (DOJ) announced last Tuesday a $1.18 billion dollar agreement was reached by Glencore International A.G. and Glencore Ltd. (collectively Glencore), part of a British-Swiss world-spanning, commodities and mining company, headquartered in Switzerland to resolve a four-year investigation into a violation of the Foreign Corrupt Practices Act (FCPA) and a “commodity […]

Why Due Diligence Background Checks Should be Conducted on Executives and Business Partners

Times are particularly litigious and reputation can rise or fall with a new scandal or questionable behaviors by key executives. The global economy has opened up a world of opportunity: new talent, supply chains, customers, locations, acquisitions, and resources. In the advent of all this, navigating between opportunity and risk has become more perilous and […]

Disregarding M&A Due Diligence - Is It Worth the Risk?

Stericycle’s Rapid Global Expansion with Lack of Due Diligence and Compliance Program Cost $90M in FCPA Violation Fines Global markets continue to be the domain of the largest corporations. However, developments in technology, transportation, and communications, international markets, customers, professionals, and resources have opened global markets to smaller firms. The potential benefits, conceal certain inherent […]

The 1-Day CFO

Lack of Effective Executive Due Diligence and Moderna Preventative care is used to differentiate between detecting health problems before they develop and diagnostic care, or evaluating someone who has known symptoms. Moderna, the American pharmaceutical and biotechnology giant, most famous for developing one of the COVID-19 vaccinations, could have opted for more effective preventative care […]

GoodMoney: Bad Due Diligence

Good Money, Inc., is a financial technology, or fintech, online digital banking platform, founded in 2018, that directs half of its profits to what it deems social justice and environmental initiatives. Their customers potentially get equity in the company when opening an account and can purportedly build on it through use of the “neobank’s” services. […]

Protecting the Board: Board Risks and How to Mitigate Them

The board of directors play a critical role in a company. They represent the company and have a fiduciary duty to its shareholders and assets. While they do not participate in the day-to-day activities and decisions of a business, they do oversee strategic planning and company operations, set overall policy, exercise an oversight role, and […]

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