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SBR - Authors' Podcast

SBR-Author’s Podcast: Bribery Beyond Borders: The Hidden History and Future of the FCPA with Severin Wirz

Welcome to the SBR-Author’s Podcast! In this podcast series, Host Tom Fox visits with authors in the compliance arena and beyond. In this episode, Tom Fox welcomes Severin Wirz, Senior Director for Ethics and Compliance at Applied Materials and author of “Bribery Beyond Borders: The Story of the Foreign Corrupt Practices Act.”

The book is about the origins, narrative approach, and future of FCPA enforcement. Severin explains he used storytelling to challenge conventional views that the FCPA was merely post-Watergate morality or the product of Stanley Sporkin alone, tracing a longer lineage of U.S. anti-corruption laws (Federal Corrupt Practices Act, Travel Act, Hobbs Act, RICO, Bank Secrecy Act) instead. He recounts the United Brands/Eli Black scandal, Wall Street Journal reporting that broke key bribery revelations, Stanley Sporkin’s role at the SEC, and the legislative influence of Frank Church and William Proxmire amid debates over disclosure, criminalization, and books-and-records provisions. Severin discusses shifting geopolitical drivers of enforcement and recommends related reading and contact options.

Key highlights:

  • Severin’s Compliance Journey
  • Writing FCPA as a Thriller
  • Eli Black Scandal Breaks
  • Sporkin and SEC Momentum
  • Journalists Connect the Dots
  • Frank Church and Cold War Stakes
  • Proxmire Gets It Passed
  • Three Visions of the FCPA
  • Future Enforcement and Geopolitics

Resources:

Severin Wirz on LinkedIn

Bribery Beyond Borders: The Story of the Foreign Corrupt Practices Act on CCI and Amazon.

Tom Fox

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The Corruption Files

The Corruption Files: Lockheed and Birth of The FCPA

What is stranger than fiction? In the stories of worldwide corruption in this podcast series, co-hosts Tom Fox, the Voice of Compliance and Mike DeBernardis, partner at Hughes Hubbard discuss some of the most audacious corruption cases in anti-corruption enforcement.

More importantly, they will discuss the lessons learned on what your organization can do to prevent running a foul of international anti-bribery laws.

In this first episode of Season 2, Tom and Mike review the Lockheed corruption scandal, which led directly to the passage of the FCPA.

The discussion covers the significant bribery and corruption charges that led to the creation of the Foreign Corrupt Practices Act (FCPA). The hosts explore the international political fallout from the scandal, its impact on various countries, including Japan, Italy, and the Netherlands, and the consequences for Lockheed.

The episode highlights how the case influenced the development of anti-bribery laws worldwide and the roles played by figures like Stanley Sporkin in shaping these regulations. The conversation also touches on the ongoing challenges in combating corruption in the aerospace industry and its global implications.

Key Highlights:

  • The Lockheed Scandal: An Overview
  • High-Level Corruption and Its Unveiling
  • International Repercussions of the Lockheed Scandal
  • The Birth of the FCPA
  • Modern Implications and Compliance

Resources:

Mike DeBernardis on LinkedIn

HughesHubbardReed

Tom Fox

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Daily Compliance News

March 25, 2020-the Tribute to Judge Sporkin edition


In today’s edition of Daily Compliance News, all stories about Judge Stanley Sporkin: