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U.S. charges Gabonese man for bribe scheme involving hedge fund
Source: Reuters
U.S. | Wed Aug 17, 2016 5:27am EDT
U.S. charges Gabonese man for bribe scheme involving hedge fund
By Nate Raymond | NEW YORK
A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights.
Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint filed in federal court in Brooklyn for conspiring to violate the U.S. Foreign Corrupt Practices Act.
The complaint did not name the fund, but its description matched that of Och-Ziff Capital Management, which has been in talks with the U.S. authorities to resolve probes into its involvement in bribes paid to African officials.
The complaint said the U.S. hedge fund involved in the case had formed a joint venture in January 2008 with a Turks and Caicos Islands entity.
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U.S. charges Gabonese man for bribe scheme involving hedge fund
By Nate Raymond | NEW YORK
A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights.
Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint filed in federal court in Brooklyn for conspiring to violate the U.S. Foreign Corrupt Practices Act.
The complaint did not name the fund, but its description matched that of Och-Ziff Capital Management, which has been in talks with the U.S. authorities to resolve probes into its involvement in bribes paid to African officials.
The complaint said the U.S. hedge fund involved in the case had formed a joint venture in January 2008 with a Turks and Caicos Islands entity.
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Read more: http://www.reuters.com/article/us-usa-corruption-mebiame-idUSKCN10R29U