Herbalife accused of FCPA fraud and foreign bribery in China Dietary supplement manufacturer Herbalife recently disclosed that U.S. Securities and Exchange Commission started probing it over an alleged foreign corruption fraud. According to a securities filing published on January 20, the Los Angeles-based company may be accused of bribing some foreign officials in China. Although the [...]
Wells Fargo's former employee files a whistleblower claim Diana Duenas-Brown, a branch manager who worked for US bank Wells Fargo & Co. has recently filed a federal whistleblower claim against her former employer. According to the woman’s claim, her supervisors harassed her after she warned them about the illegal sale schemes and fraudulent [...]
JPMorgan Chase $264 million FCPA settlement included a $130 million disgorgement On November 17, 2016 JPMorgan Chase & Co. agreed to pay $264 million to settle charges of securities fraud and violation of the Foreign Corrupt Practices Act (FCPA), including a $130.5 million disgorgement. According to the Securities and Exchange Commission (SEC) the [...]