Whistleblower Carl Krawitt, a former contractor for Infosys and Apple filed a Complaint in Federal Court asserting that the two companies conspired to evade US visa laws relating to H-1B visas. This week, the judge denied Apple's motion to stop production of documents in the case, setting the lawsuit on course to...
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Category: Foreign Fraud
Are US companies selling Chinese products to US government which they say are made in America?
In August of this year, former defense contractor from Tennessee was setenced 41 months in federal prison for selling Chinese boots to the military withfraudulent "Made in the USA" labels. Vincent Lee Ferguson, the former president of Wellco Enterprises, pleaded guilty to his part in the fraud conspiracy, according to a U.S....
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United Technologies pays $13.9 million to settle S.E.C. charges it paid illegal foreign bribes in Azerbaijan and China
United Technologies Corporation of Connecticut will pay the Securities and Exchange Commission $13.9 million to end charges that it violated federal law by bribing Azerbaijani officials to get public housing elevatorĀ businesses in Baku. The company also bribed a Chinese sales agent in an attempt to obtain confidential information from a Chinese official to...
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Legg Mason pays $34.5 million to settle charges of foreign bribes
Legg Mason a publicly traded American investment management firm will pay $34.5 million to settle charges that its Permal Group hedge fund business bribed Libyan officials to win investment contracts, the Securities and Exchange Commission announced Monday.
The settlement is like one announced June 4 by the U.S. Justice Department, with Legg Mason agreeing...
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Credit Suisse pays $47 million to U.S.agencies for hiring family of Chinese officials to win business
Credit Suisse a Swiss-based issuer of publicly traded securities in the United States, will pay a $47 million to the United States as a criminal penalty for its role in a scheme to corruptly win banking business by awarding employment to friends and family of Chinese officials.
Acting Assistant...
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Financial Service Company Credit Suisse Pays the U.S. $47 Million to settle bribe allegations of Dept. of Justice and S.E.C.
An investigation under the Foreign Corrupt Practices Act (FCPA) leads Credit Suisse, a business based in Zurich which offers financial services and counsel, to pay $47 million to the Department of Justice (DOJ). The Swiss financial giant was being investigated due to the employment methods of their Hong Kong unit, Credit Suisse...
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Russian and Syrian Nationals charged with laundering millions for Russian company shipping jet fuel to Syria
According to the Department of Justice, five Russian nationals and three Syrian nationals, were indicted for conspiring to violate U.S. economic sanctions against Syria and Crimea, by sending jet fuel to Syria and making U.S. dollar wires to Syria and to sanctioned entities in Syria without receiving a license...
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The CBSA Hopes to Stop the Smuggling of Cheap Steel and Aluminum Into the U.S.
The impending tariffs that will be put in place by the Trump administration on aluminium and steel are already being illegally circumvented by some Canadian companies. In the hopes of stopping the smuggling of cheaper metals, the Canada Border Services Agency (CBSA) announced regulatory changes to prevent this type of crime.
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Panasonic Avionics pays over $280 Million to settle foreign bribery charges
Panasonic Avionics Corporation has agreed to pay a $137.4 million criminal penalty to settle charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents, in violation of the accounting provisions of the Foreign Corrupt Practices Act (FCPA). The company, based in Lake Forest,...
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Dunn & Bradstreet to pay $9.2 million to settle charges of foreign bribes in China
Dun & Bradstreet firm will pay $9.2 million to securities regulators to settle charges by the S.E.C. that its subsidiaries in China made unlawful payments to win or keep business from 2006 through 2012.The S.E.C. the illegal payments weren't properly recorded in the company's books and the company's accounting controls were too weak to...
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