Toxic Transactions:  Bribery, Extortion and the High Price of Bad Business

Toxic Transactions: Bribery, Extortion and the High Price of Bad Business

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March 26, 2009

Last night in New York, at an event graciously hosted from his Director’s chair by Martin Weinstein of Willkie Farr & Gallagher, TRACE launched its new anti-bribery training DVD. OK, it’s a training DVD, but everyone got into the “red carpet” spirit while they watched clips from some of the 14 interviews. Produced by NBC's Peacock Productions with much clanging of prison doors and occasional pole dancers (illustrating inappropriate hospitality), the DVD endeavors to make the topic lively and accessible.

Mark Mendelsohn of the Department of Justice and Cheryl Scarboro of the SEC talk about enforcement trends. Michael Mines of the FBI offers rare insight into the investigative tools available to that organization. Richard Alderman of the UK’s Serious Fraud Office speaks, well, briefly about their record on this issue. Mark Pieth and Nicola Bonucci provide the OECD’s perspective and Ngozi Okonjo-Iweala of the World Bank discusses frankly the cost of corruption to the developing world. Finally, Peter Solmssen and Brackett Denniston, General Counsels of Siemens and General Electric respectively, provide a candid in-house perspective.

Our thanks to everyone who appears in the DVD. This project was a lot of fun and will be, we hope, a timely addition to the antibribery training toolkit.

View a clip from the DVD here.

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Toxic Transactions: Bribery, Extortion and the High Price of Bad Business

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