(The National Law Review) On September 29, 2016, the Securities and Exchange Commission (the “SEC”) announced that Och-Ziff Capital Management Group (“Och-Ziff”) agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (“FCPA”). Also, Och-Ziff’s Chief Executive Officer, Daniel Och, agreed to pay nearly $2.2 million to settle related charges.
The SEC order found that beginning in 2007 and continuing through 2011, Och-Ziff, primarily through the misconduct of two senior employees, entered into a series of transactions and investments in which Och-Ziff paid bribes through intermediaries, agents and business partners to government officials in Libya, Chad, Niger and the Democratic Republic of the Congo.
