Sculptor Capital Management Inc. agrees to pay fine to resolve a Foreign Corrupt Practices Act case

In a case that has remained unresolved for almost a decade, Sculptor Capital Management Inc., formerly Och-Ziff Capital Management, agreed to pay investors in a Congolese mine, who were victims of a bribery scheme in 2016, restitution.[1]

The bribery scheme involved Dan Gertler, who was designated by the United States Department of the Treasury in 2018,[2] and Och-Ziff. The scale of bribery and corruption in the Democratic Republic of Congo led to several indictments, hundreds of millions in fines, and the restructuring of several mining companies involved in the country.

This most recent case is significant in that a group of investors managed to convince a judge they were victims of bribery and therefore entitled to restitution from the perpetrators of the crime. That opens the door for other investors to make similar claims for restitution.