Want to create an interactive transcript for this episode?
Podcast: Corruption Crime & Compliance
Episode: Episode 175 -- A Deep Dive into the Vitol FCPA Settlement
Description: The Justice Department continues to produce FCPA resolutions in a record year for enforcement. The latest is DOJ’s settlement with Vitol, Inc. (Vitol), an energy trading company. DOJ agreed to a three-year deferred prosecution agreement (DPA) in exchange for a criminal penalty of $135 million. One-third of the payment, or $45 million, would be credited if Vitol pays $45 million to Brazil prosecutors for resolution of the case.
Vitol also agreed to a civil settlement with the Commodities Futures Trading Commission (CFTC) for $28.7 million, $12.7 million of which was for disgorgement. The Vitol case represented the first coordinated FCPA enforcement actio...