Tag: Corruption

  • Ericsson fined $206 million for violating Justice Department bribery agreement

    Photo: Mark Schiefelbein (AP) Swedish multinational technology giant Ericssond guilty this week of bribery and agreed to pay Department of Justice $206 million dollars. Federal prosecutors accused Ericson’s endearing in a longrunning an international corruption scheme that involved bribing and falsifying government officials defeated, and failure to enter proper account controls. Ericsson had a chance […]

  • Ericsson to pay $206 million fine, plead guilty to bribery violations

    Ericsson recently announced it plans to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Swedish telecommunications giant Ericsson agreed to pay a $206 million fine and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act, or FCPA, US prosecutors announced Thursday evening. Ericsson had […]

  • Crypto Giant Binance expects to pay fines to solve US investigations

    Binance, the world’s largest cryptocurrency exchange, expects to pay fines to settle existing U.S. regulatory and law enforcement investigations of its company, the company’s chief strategy officer said in an interview. Binance grew rapidly and started out as a company driven by software engineers unfamiliar with laws and regulations written to address the risk of […]