How to Pay a Bribe: A Collection of Real-Life Bribery Stories

How to Pay a Bribe: A Collection of Real-Life Bribery Stories

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March 15, 2016

Today, TRACE published the third in its How to Pay a Bribe series, an edited collection of stories that explore the inner workings of real-life bribery schemes in international business. The book, which is published every two years, is intended as a learning tool for compliance practitioners. Each chapter explores a different bribery scheme through a narrative story and includes discussion questions designed to spur further dialogue about the material.

Among the collection is a first-person testimonial written by Richard Bistrong, a former Vice President of International Sales who was sentenced to 18 months in prison in 2012 for violating the Foreign Corrupt Practices Act.  Bistrong recounts the missteps that led him there, explaining how he went from passively witnessing third parties paying bribes to becoming an active participant in their schemes.  In another chapter, China experts Amy Sommers and Cindy Hong demonstrate how easy it is for zealous employees to slip into corrupt practices, sometimes setting up their own side businesses to engage in self-dealing and kickbacks. 

Also included within the collection is the work of Ken Silverstein, an investigative journalist who traveled to Panama City to uncover how one law firm there has become notorious for setting up shell companies used by corrupt businessmen and politicians to hide away their assets.  Silverstein exposes the underworld of off-shore financing and tax avoidance, although his travels eventually lead him back to America, which he discovers is the second-easiest country in the world in which to register a dummy-company.

Fortunately, Bistrong, Silverstein, Sommers, Hong and the six other contributing authors do not stop at describing the various methods used to pay bribes; they teach us how to avoid such pitfalls, giving practical advice on how to protect, prevent, discover and correct all manner of corruption, all over the world. How to Pay A Bribe: Thinking Like a Criminal to Thwart Bribery Schemes is available for purchase on Amazon.  

FOR MORE ON THIS TOPIC, PLEASE SEE THE FOLLOWING RESOURCES:

TRACE International Publishes Third in How to Pay a Bribe Series
How to Pay a Bribe
How to Pay a Bribe: Thinking Like a Criminal to Thwart Bribery Schemes (2012)
How to Pay a Bribe: Thinking Like a Criminal to Thwart Bribery Schemes (2014)
How to Pay a Bribe: Thinking Like a Criminal to Thwart Bribery Schemes (2016)

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