James H. Giffen is an American businessman and an authority on American-Soviet trade. He is the founder and chairman of Mercator Corporation. He was the prime accused in the $80 million Kazakhgate

Kazakhgate

Kаzаkhgаtе refers to the scandal surrounding James Giffen, an American businessman and former advisor of Kazakhstan president Nursultan Nazarbayev...

 bribery

Bribery

Bribery, a form of corruption, is an act implying money or gift giving that alters the behavior of the recipient. Bribery constitutes a crime and is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or...

 scandal, which was at one time the largest US investigation ever into an overseas bribery case.

Giffen has had ties to the USSR dating back to the 1970s. After graduating from college, he worked for a subsidiary of Armco Steel, developing a relationship with Armco boss and future US commerce secretary C. William Verity, Jr. During the Cold War

Cold War

The Cold War was the continuing state from roughly 1946 to 1991 of political conflict, military tension, proxy wars, and economic competition between the Communist World—primarily the Soviet Union and its satellite states and allies—and the powers of the Western world, primarily the United States...

, Giffen was instrumental in setting up the multi-company American Trade Consortium (including large corporations such as RJR Nabisco

RJR Nabisco

RJR Nabisco, Inc., was an American conglomerate formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company. RJR Nabisco was purchased in 1988 by Kohlberg Kravis Roberts & Co...

, Chevron

Chevron Corporation

Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...

, Eastman Kodak

Eastman Kodak

Eastman Kodak Company is a multinational imaging and photographic equipment, materials and services company headquarted in Rochester, New York, United States. It was founded by George Eastman in 1892....

, Johnson & Johnson

Johnson & Johnson

Johnson & Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500....

 and Archer Daniels Midland

Archer Daniels Midland

The Archer Daniels Midland Company is a conglomerate headquartered in Decatur, Illinois. ADM operates more than 270 plants worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial and animal feed markets worldwide.ADM was named the...

) to negotiate entry into the Soviet market with representatives of Soviet President Mikhail Gorbachev

Mikhail Gorbachev

Mikhail Sergeyevich Gorbachev is a former Soviet statesman, having served as General Secretary of the Communist Party of the Soviet Union from 1985 until 1991, and as the last head of state of the USSR, having served from 1988 until its dissolution in 1991...

.