Alstom Executive Sentenced to Prison for Role in Money Laundering Scheme to Promote Foreign Bribery

A former senior executive with Alstom S.A. (Alstom), a French power and transportation company, was sentenced in federal court in New Haven, Connecticut, to 15 months in prison today for his role in a multi-year, multimillion-dollar  money laundering scheme designed to promote violations of the Foreign Corrupt Practices Act (FCPA). read more »

Wells Fargo chairwoman resigns ahead of scheduled testimony

Wells Fargo Board Chairwoman Elizabeth Duke and director James Quigley are leaving the company.

The announcement Sunday arrived less than a month after the bank agreed to pay a $3 billion fine related to its long-running practice of opening unauthorized bank accounts to meeting unrealistic sales goals. read more »

The Robber Bank

Wells Fargo “collected millions of dollars in fees and interest to which [it] was not entitled, harmed the credit ratings of certain customers, and unlawfully misused customers’ sensitive personal information,” according to the Justice Department. read more »