Corporate crime

July 18, 2012 - 3:26pm

Assistant attorney general Lanny Breuer announced yesterday that Nordam “has entered into an agreement with the Department of Justice to pay a $2 million penalty to resolve violations of the Foreign Corrupt Practices Act [FCPA].” Nordam, a Tulsa, Okla., MRO provider, has also agreed to cooperate with the DOJ for three years, including periodic reports on compliance efforts, and the company must “implement an enhanced compliance program and internal controls designed to prevent and detect FCPA violations.”

February 23, 2010 - 10:00am

It remains to be seen exactly what impact Thursday’s intentional crash of a single-engine Piper Dakota into an Austin, Texas IRS building will have on any new general aviation security restrictions. However, industry leaders quickly cautioned against overreaction.

August 25, 2009 - 7:30am

Robert Pinkas, Tab Keplinger and Brantley Capital Management (BCM) have been charged “with securities fraud for overvaluing assets in an investment portfolio they manage to generate higher investment advisory fees,” according to the Securities and Exchange Commission (SEC).

August 19, 2009 - 5:47am

Robert Pinkas, Tab Keplinger and Brantley Capital Management (BCM) have been charged “with securities fraud for overvaluing assets in an investment portfolio they manage in order to generate higher investment advisory fees,” according to the Securities and Exchange Commission (SEC).

March 20, 2008 - 8:03am

As companies merge, expand, downsize, change top executives or declare bankruptcy, their flight departments are often significantly affected. In the past several weeks, four major companies with flight departments have filed for protection under Chapter 11. More than 20 corporate jets were operated by these four companies, and none is currently more visible than Enron.

October 3, 2007 - 9:30am

French corporation Zodiac has purchased Scott Aviation from Tyco International, and renamed the Lancaster, Pa.-based oxygen system components supplier Avox Systems. The sale was followed by a contract from Cessna to supply Avox oxygen mask deployment containers for the new Citation Mustang very light jet.

October 2, 2007 - 11:30am

The Securities & Exchange Commission (SEC) has suspended the trading of Connect-A-Jet securities until October 12, due to alleged “deceptive practices” and “inaccurate assertions by Connect-A-Jet.” Paul Montoya, SEC regional director for the division of enforcement, told AIN he could not comment on the specific allegations, but explained that the SEC institutes a 10-day suspension when questions arise regarding a company’s assets, o

January 10, 2007 - 5:04am

More detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft, is the aim of proposed rulemaking from the Securities and Exchange Commission (SEC). The Wall Street Journal calls the proposals the “most sweeping overhaul of pay disclosure rules in 14 years.” One of the proposals would lower the threshold at which perks must be disclosed.

January 8, 2007 - 5:57am

Monday is the deadline for comments on a Securities and Exchange Commission rulemaking proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft. The Wall Street Journal called the proposals the “most sweeping overhaul of pay disclosure rules in 14 years.” One of the proposals would lower the threshold at which perks must be disclosed.

December 15, 2006 - 11:49am

NBAA’s was one of more than 170 comments filed (mostly in support) to the Securities and Exchange Commission rulemaking proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft.

 
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