Sculptor Capital Management controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Michael Cohen false-statements plea
Cohen pleaded guilty to making false statements to the Department of Justice and was sentenced to three months. The reference material states that other DOJ charges were dismissed.
2018
Charges involving former executive Michael Cohen
Michael Cohen, the former head of Och-Ziff’s European operations, was charged with fraud-related offenses tied to the Africa-related investigation, including allegations concerning investment-adviser fraud and conspiracy.
2016
Foreign Corrupt Practices Act investigation and settlement
U.S. authorities investigated alleged payments to government officials in several African countries in connection with Och-Ziff business activities. In September 2016, the company entered civil and criminal settlements with the SEC and DOJ, agreed to pay approximately $413 million, and its African subsidiary pleaded guilty to conspiracy. Daniel Och separately settled SEC books-and-records allegations with approximately $2.2 million in disgorgement.