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FCPA

This archive displays posts tagged as relevant to the Foreign Corrupt Practices Act or FCPA. You may also be interested in the following pages:

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August 12, 2015

Vicente E. Garcia, a former vice president for SAP SE, agreed to pay $92,395 to settle charges by the SEC that he violated the FCPA by bribing Panamanian government officials to procure software license sales for SAP.  An SEC investigation found that Garcia orchestrated a scheme to pay $145,000 in bribes to one government official and promised to pay two others in order to obtain four contracts to sell SAP software to the Panamanian government.  Garcia arranged for SAP’s software to be sold at a steep discount to a Panamanian partner in order to create a slush fund that could be used to pay the Panamanian government officials.  Garcia also received kickbacks from the slush fund.  In a parallel action, the Department of Justice announced a criminal action against Garcia.  SEC

July 28, 2015

Mead Johnson Nutrition Company agreed to pay $12 million to settle the SEC’s findings that it violated the Foreign Corrupt Practices Act (“FCPA”).  An SEC investigation found that employees of Mead Johnson’s Chinese subsidiary made improper payments to healthcare professionals at government-owned hospitals to induce them to recommend Mead Johnson’s infant formula to new or expectant mothers.  SEC

May 20, 2015

Global resources company BHP Billiton agreed to pay a $25 million penalty to settle charges it violated the Foreign Corrupt Practices Act when it sponsored the attendance of foreign government officials at the 2008 Summer Olympic Games in Beijing.  Specifically, BHP Billiton invited 176 government officials and employees of state-owned enterprises to attend the Games at the company’s expense, and ultimately paid for 60 such guests as well as some spouses and others who attended along with them.  Sponsored guests enjoyed three- and four-day hospitality packages that included event tickets, luxury hotel accommodations, and sightseeing excursions valued at $12,000 to $16,000 per package.  SEC

April 8, 2015

Oregon-based defense contractor FLIR Systems Inc. agreed to pay more than $9.5 million to settle charges it violated the Foreign Corrupt Practices Act (FCPA) by financing a “world tour” of personal travel and gifts for Middle East government officials.  FLIR, which develops infrared technology for use in binoculars and other sensing products, allegedly earned more than $7 million in profits from sales influenced by the improper travel and gifts.  Whistleblower Insider

February 24, 2015

Goodyear Tire & Rubber Company agreed to pay more than $16M to settle charges it violated the Foreign Corrupt Practices Act (FCPA) when its subsidiaries paid bribes to land tire sales in Kenya and Angola.  SEC

January 22, 2015

Florida-based engineering and construction firm The PBSJ Corporation (now known as The Atkins North America Holdings Corporation) agreed to pay $3.4M to settle charges of violating the Foreign Corrupt Practices Act (FCPA) by offering and authorizing bribes and employment to foreign officials to secure Qatari government contracts.  SEC

December 17, 2014

Global beauty products company Avon Products Inc. agreed to pay $135M to settle charges it violated the Foreign Corrupt Practices Act (FCPA) by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary.  According to the government, Avon’s subsidiary in China made $8M worth of illicit payments to Chinese officials to secure business there.  SEC

December 15, 2014

Massachusetts-based manufacturer of scientific instruments Bruker Corporation agreed to pay $2.4M to settle charges of violating the Foreign Corrupt Practices Act (FCPA) by providing non-business related travel and improper payments to various Chinese government officials in an effort to win business.  SEC

November 17, 2014

The SEC sanctioned Stephen Timms and Yasser Ramahi, two former employees in the Dubai office of US-based defense contractor FLIR Systems Inc., for violating the Foreign Corrupt Practices Act (FCPA) by taking government officials in Saudi Arabia on a “world tour” to help secure business for the company.  The two employees later falsified records in an attempt to hide their misconduct.  FLIR is headquartered in Oregon and produces thermal imaging, night vision, and infrared cameras and sensor systems.  SEC

November 3, 2014

Clinical diagnostic and life science research company Bio-Rad Laboratories agreed to pay $55M to settle charges it violated the Foreign Corrupt Practices Act (FCPA) when its subsidiaries made improper payments to foreign officials in Russia, Vietnam, and Thailand in order to win business.  An SEC investigation found Bio-Rad lacked sufficient internal controls to prevent or detect approximately $7.5M in bribes that were paid during a five-year period and improperly recorded in books and records as legitimate expenses like commissions, advertising, and training fees.  The improper payments enabled Bio-Rad to earn $35M in illicit profits.  Whistleblower Insider
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