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Och-Ziff settles with the DOJ and SEC over bribes paid to high-level officials in Africa, questionable investments via Libya and for missing red flags.
Alternative investment and hedge fund manager Och-Ziff Capital Management Group will be paying $412 million in fines and has begun revamping internal procedures as a result of the bribery and operational mismanagement charges brought against it. On Thursday, the firm announced that it has settled criminal and civil cases with the U.S. Department of Justice...
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