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This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Tuesday, October 29, 2013

Political ‘Extortion’: Holder Abuses Law To Enrich Former Employer -- By Wynton Hall, Breitbart

We are going to punish our enemies and we’re gonna reward our friends who stand with us on issues that are important to us. –President Barack Obama, October 2010

The Obama Justice Department has increased Foreign Corrupt Practices Act (FCPA) enforcement actions over 65% compared to the prior administration, a dramatic shift that stands to benefit Attorney General Eric Holder’s former law firm Covington & Burling—the firm that helped write the law and describes itself as “a leading voice” on FCPA enforcement and compliance. Several FCPA investigations by the Obama Justice Department have included companies headed by top Republican donors including Koch Industries, Las Vegas Sands, Inc., Walmart, News Corporation, and Hewlett-Packard.

Government Accountability Institute (GAI) President and Breitbart News Senior Editor-At-Large Peter Schweizer makes the stunning charges and lays out the evidence in his new book, Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets. Schweizer appeared last week on 60 Minutes and Hannity after the New York Times published two articles on the book’s investigative findings.

The Foreign Corrupt Practices Act was created in 1977 to ban American companies doing business overseas from bribing foreign officials. Executives found guilty of violating the law can face up to 20 years in prison. The law was written with the help of lawyers at Covington & Burling, the former law firm of Attorney General Eric Holder and former DOJ Criminal Division head Lanny Breuer.

On its website, the firm boasts, “Covington lawyers have a unique command of anti-corruption laws, in part due to our role in helping draft the Foreign Corrupt Practices Act in 1977.” The firm describes itself as “a leading voice in the private bar on US legislation and policy guidance relating to FCPA enforcement and compliance.” Breuer has since left DOJ and gone back through the revolving door to Covington where he makes nearly $4 million as vice chair of the firm. His duties, of course, include helping clients navigate “anti-corruption matters.”

“For the first 30 years of the FCPA, the Department of Justice brought just two to three cases a year against companies,” said Schweizer in an interview with Breitbart News. “In 2009, the Obama Justice Department sent the number of investigations soaring to at least 120."
"DOJ tells companies they must hire a law firm to ‘monitor’ their FCPA compliance, which can cost up to $10 million a year," he explained. "This creates a huge business opportunity for Covington & Burling, especially since Breuer is on the outside at Covington and Holder is on the inside at DOJ.”

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