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Violation Tracker Individual Record

Company: Och-Ziff Capital Management Group LLC
Current Parent CompanySculptor Capital Management
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Penalty: $213,000,000
Year: 2016
Date: September 29, 2016
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.