Financial crime
SEC Charges Willbros Group and Former Employees with Foreign Bribery
By admin - Posted on May 15th, 2008
Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to Nigerian government officials and others to obtain significant contracts for the Houston-based company. » read more »
SEC Charges Four Current and Former Broadcom Officers for Backdating Options
By admin - Posted on May 15th, 2008
Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today charged two current and two former top officers of Irvine, Calif.-based Broadcom Corporation for their alleged participation in a five-year systematic scheme to secretly backdate stock options granted to virtually all Broadcom officers and employees.
Broadcom: Photo by Nate McBean (CC) » read more »
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