Overview of Business Crime in Latin America | 2015

While several Latin American countries have vowed to combat corrupt practices and have enacted legislation to formalise their intentions, meaningful change requires active enforcement as well as the political will and sacrifice to exact it. In the meantime, as Latin American countries begin working to strengthen their enforcement regimes, the greater threat to corrupt practices…

Financial Fraud Victims May Benefit from Swiss Bank’s Disclosures

Lawyer Michael Diaz, Jr., says financial fraud victims may benefit from Swiss bank’s disclosures Swiss banking giant UBS’ decision to turn over information on 4,450 “secret” bank accounts to the U.S. Internal Revenue Service signals a major shift in accountability for the world’s financial markets. We spoke about the impact of this with Michael Diaz,…

The Effect of Gome Electronic’s Shareholder Dispute on Private Business in China

Today, Gome Electronics is China’s second largest electronics retailer in terms of market value and the largest in terms of the number of stores, operating over five hundred stores around China. In November 2008, Huang Guanyu, founder of Gome Electronics, was arrested and later sentenced to 14 years for bribery, insider trading and unspecified illegal…