trending Market Intelligence /marketintelligence/en/news-insights/trending/fqf0ypzcadjaewztpjxz9w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

DOJ levies $213M penalty on Och-Ziff Capital as part of deferred prosecution agreement

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

Pandemic Causing Wildly Different Outcomes Across Media Sectors


DOJ levies $213M penalty on Och-Ziff Capital as part of deferred prosecution agreement

has reached a settlement with the U.S. Department of Justiceand entered into a deferred prosecution agreement.

The settlement relates to proceedings againstthe company and certain of its units and affiliates in connection with paymentsto government officials to obtain investments by a foreign sovereign wealthfund in certain hedge funds managed by certain of the company's units andaffiliates in 2007, and similar payments relating to private investments inAfrica between 2007 and 2011 by private equity funds and investment vehiclesmanaged by the company's units and affiliates.

As part of the settlement, OZ Africa ManagementGP LLC agreed to plead guilty in U.S. District Court for the Eastern Districtof New York on Sept. 29 to one count of conspiracy to violate the anti-briberyprovisions of the ForeignCorrupt Practices Act. The DOJ andOch-Ziff Capital agreed to jointly request that the court not impose any fine inaddition to the payment to be made under the deferred prosecutionagreement.

Under the agreement, the DOJ and the U.S. Attorney's Office for theEastern District of New York agreed to deferprosecution of the charges against the company pending the completion ofcertain obligations undertaken by the company, including payment of a penaltyof about $213.1 million, retention of a compliance monitor for three years andcontinued cooperation with governmental investigations.

Also under the agreement, six months aftercompletion of the obligations and expiration of the agreement, DOJ and theattorney's office will seek dismissal of the charges with prejudice.

The DOJ settlement and the SECsettlement, whichtotal about $412 million, will be paid using cash on hand and an investment ofup to $400 million made by certain of the company's partners through aperpetual preferred stock offering.