October 20, 2021

Volume XI, Number 293

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Adam Safwat

Adam regularly represents companies and individuals before the Department of Justice and the Securities and Exchange Commission in investigations and compliance-related matters. His practice is multi-faceted, and in addition to Foreign Corrupt Practices Act (FCPA) counseling, he focuses on issues related to white collar and regulatory enforcement impacting public and private companies, including securities and accounting fraud, financial fraud, and anti-money laundering issues. Adam also has particularly extensive experience in the pharmaceutical sector with respect to the FCPA and other domestic promotional practices. In addition, he provides clients in a host of industries with extensive counseling on best practices for compliance programs and internal controls.

Adam previously served as a deputy chief of the Fraud Section of the U.S. Department of Justice’s Criminal Division from 2012 to 2014, having also served as an assistant chief and a trial attorney from 2006 to 2012. During his time at the Fraud Section, Adam served on several complex securities fraud investigations of individuals and entities in the financial services industry, including matters involving alleged accounting fraud relating to complex derivative instruments and special purpose entities. Adam was a member of the government’s successful trial team in a case against five former reinsurance executives involving accounting and financial statement fraud and concluded a related corporate settlement with a major reinsurance company. 

While at the Fraud Section, Adam also led significant FCPA investigations involving companies operating in the commodities, oil services, logistics, and defense industries. He coordinated a multi-jurisdictional investigation resulting in one of the largest FCPA corporate settlements to date.

In addition to his case work, Adam worked on policy matters such as new criminal discovery initiatives within the Criminal Division and on proposed amendments to the U.S. Sentencing Guidelines relating to corporate accounting fraud and insider trading.

Prior to joining the Fraud Section, Adam spent four years as an assistant U.S. attorney in the U.S. Attorney's Office for the District of Delaware, where he conducted jury trials in general crimes cases and also concluded a number of successful white collar investigations in areas such as theft of trade secrets and tax fraud.

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Articles in the National Law Review database by Adam Safwat

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