Feds Investigating FCPA Allegations Against Kazuo Okada

Law360, New York (April 10, 2013, 7:39 PM EDT) -- Federal prosecutors are reportedly investigating allegations that former Wynn Macau Ltd. director Kazuo Okada made illegal payments to foreign gaming regulators to further his own development of a casino in the the Philippines, in potential violation of the Foreign Corrupt Practices Act.

Federal prosecutors told a Las Vegas state judge Monday they were conducting a criminal investigation that overlapped with issues in a Nevada state court lawsuit between Wynn Resorts Ltd. and Okada, according to a report in the Las Vegas Review-Journal. Wynn claims Okada, the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.