Military vehicles manufacturer, Navistar Defense LLC (Navistar), will pay $50 million to resolve a whistleblower case in which it was revealed that it fraudulently induced the U.S. Marine Corps to enter into a contract modification at inflated prices for a suspension system for armored vehicles known as Mine-Resistant Ambush Protected vehicles. During...
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Category: Foreign Fraud
China’s telecom giant Huawei charged with racketeering conspiracy and conspiracy to steal U.S. trade secrets
Huawei, China's giant and the world's largest telecom company has been indicted on charges of racketeering conspiracy and conspiracy to steal U.S. trade secrets. In addition, charges have also been filed showing Huaweiās Business in North Korea...
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Four members of Chinese military charged with hacking credit agency Equifax stealing private information on 145 American citizens
Indictment Alleges Four Members of Chinaās Peopleās Liberation Army Engaged in a Three-Month Long Campaign to Steal Sensitive...
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Top Harvard University scientist Charles Lieber and Chair of chemistry arrested and accused of lying about his ties to China
Charles Lieber, the well-recognized chair of Harvard University's Department of Chemistry and Chemical Biology, was arrested and criminally charged with making "false, fictitious and fraudulent statements" to the U.S. Defense Department about his ties to a Chinese government program to recruit foreign scientists and researchers.
The Justice Department alleges thatĀ Lieber, 60, lied about his...
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Cayman Islands to publish identities of everyone who owns a company there by 2023 to reduce corruption and tax evasion
The Government of the Cayman islands has announced that it will publish the identities of everyone who owns a company there by 2023. That would bring the island nation in line with a law passed last year by the United Kingdom, and with EU directives and should reduce the significant amount of tax...
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Swedish telecom giant Ericsson sets $1.23 billion in reserves to cover fines relating to foreign bribes in China, Greece, Vietnam and more
Ericsson, the Swedish multinational networking and telecommunications company has reserved $1.23 billion to cover fines associated with foreign bribes made by the company in China, Djibouti, Indonesia, Kuwait, Saudi Arabia and Vietnam, based on an investigation. Ericson has a 35% share in the 2-5G mobile market network and is the major competitor...
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Microsoft subsidiary in Hungary to pay $8.7 Million iin criminal penalties to settle foreign bribery case
Microsoft's subsidiary in Hungary, has agreed to pay a criminal penalty of more than $8.7 million to resolve the government's investigation into violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bid rigging and bribery scheme in connection with the sale of Microsoft software licenses to...
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Walmart’s Brazilian subsdiary WMT pays $137 Million to DOJ’s investigation on foreign bribes
Walmart Inc. (Walmart), a U.S.-based multinational retailer and its wholly owned Brazilian subsidiary, WMT Brasilia S.a.r.l. (WMT Brasilia), will pau pay a criminal penalty of $137 million to resolve the government's investigation into violations of the Foreign Corrupt Practices Act (FCPA).Ā WMT Brasilia pleaded guilty today in connection with...
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Russia’s likely move to dominate Natural Gas Resources in the Arctic may destroy the Nenet People
In total, the Arctic is home to more than 60 untapped natural gas fields with 43 locations falling inside Russian territory. Consequently, Russia has already set to dominate this area and its resources, building the Yamal LNG plant which cost over $27 billion to develop. New vessels valued at hundreds of millions...
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China considering cutting off U.S. supply of its rare earth elements which would affects cell phone and defense productions
China is ready to try to dominate the trade war with the United States by cutting off its supply of rare earth minerals to the U.S., Chinese media reported Wednesday.
Rare earth minerals contain unique elements used by the U.S. in cell phones, hybrid cars and cancer treatment. They also play an important role in...
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