Securities Law News

Michael Cohen, Once of Och-Ziff, Charged With Fraud by U.S.

Jan. 3, 2018, 8:49 PM

Michael Cohen, a former head of the European operations of Och-Ziff Capital Management Group, was charged with fraud related to the hedge fund firm’s activities in Africa, according to an indictment made public Jan. 3.

It’s the latest reverberation from more than five years of inquiries by U.S. officials into the African activities of the giant publicly traded hedge fund firm. Back in September 2016, a unit of Och-Ziff pleaded guilty to bribing officials in Africa to win business. The firm paid hundreds of millions of dollars and its chief executive officer paid about $2 million to resolve the matter....

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