To anyone who might have the notion that foreign bribery is a victimless crime, take note: U.S. District Judge Nicholas Garaufis on Wednesday ordered a foreign subsidiary of hedge fund manager Och-Ziff Capital Management Group to pay $138 million in restitution to former shareholders in a company which lost out on mining rights in the Democratic Republic of the Congo due to the fund’s role in a judicial bribery scandal in the Central African country.
The judge’s restitution order marks the end of a whirlwind four-year ride for Moe Fodeman and Michael Sommer at Wilson Sonsini Goodrich & Rosati and their clients, a group of former shareholders in Canadian mining company Africo.
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