Bribery, Fraud & Tax Evasion

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Three major U.S. medical associations - the American Academy of Family Physicians, the American Academy of Pediatrics and the American College of Cardiology - have bowed to pressure from activist doctors to stop accepting corporate donations from Coca-Cola. The campaigners say Coke exerted undue influence over the medical groups. Read More
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Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of "dark pools" trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams. Read More
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British regulators are investigating Soma Oil & Gas, a UK-based company, for allegedly paying bribes to the Somali government in exchange for exploration rights. Under scrutiny is the payment of $580,000 for "capacity building arrangements" at the Ministry of Petroleum in Mogadishu, according to Financial Times sources. Read More
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Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo. Read More
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Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to Fédération Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games. Read More
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Six major international banks - Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) - have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Four of the six have pleaded guilty to criminal behavior, an unprecedented admission. Read More
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