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Hedge Fund Giant, Och-Ziff, To Pay Over $400 Million to Settle Charges Related to Violations of the Foreign Corrupt Practices Act
On September 29, 2016, the Securities and Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) announced that Och-Ziff Capital Management Group LLC (“Och-Ziff”), a New York-based alternative investment and hedge fund manager, and OZ Africa Management GP LLC (“OZ Africa”), its wholly-owned subsidiary, agreed to pay more than $400 million to settle charges that they used intermediaries and business partners to bribe officials of various African governments. The SEC

Jeffrey Haber
Oct 7, 20164 min read
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