September 29, 2016
Posted October 24, 2016
New York-based alternative investment and hedge fund manager, Och-Ziff Capital Management Group LLC, and its wholly-owned subsidiary OZ Africa Management GP LLC, agreed to pay a criminal penalty of more than $213 million to settle charges of violating the False Claims Act in connection with a widespread scheme involving the bribery of officials in the Democratic Republic of Congo and Libya. According to the government, it is the first time a hedge fund has been held to account for violations of the FCPA. DOJ
Tagged in: FCPA,