Violation Tracker Individual Record

Company: 
Och-Ziff Capital Management Group LLC
Current Parent Company: 
Och-Ziff Capital Management
Penalty: 
$213,000,000
Year: 
2016
Date: 
September 29, 2016
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

A New York-based hedge fund manager, Och-Ziff Capital Management Group LLC, and its wholly-owned subsidiary, OZ Africa Management GP LLC, resolved criminal charges and agreed to pay a criminal penalty of more than $213 million in connection with a widespread scheme involving the bribery of officials in the Democratic Republic of Congo and Libya.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.