OCH-ZIFF TO PAY SEC USD412 MILLION UNDER DPA
September 1st, 2016
In one of the biggest enforcement actions ever resolved by the US Securities & Exchange Commission (SEC) and Department of Justice (DoJ), hedge fund managers Och-Ziff Capital Management is to pay out USD412 million for criminal and civil violations. Och-Ziff CEO Daniel Och himself is to pay out USD2.2 million to the SEC for his part in the elaborate scheme to bribe high-ranking officials in Africa. SEC enforcement division director Andrew J. Ceresney said: “Senior executives cannot turn a blind eye to the acts of their employees or agents when they became ...
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