Bribery

Image Source : REUTERS Samsung Chairman Jay Y. Lee found not guilty A Seoul court cleared Lee Jae-yong, Chairman of Samsung Electronics with the controversial 2015 merger of two Samsung affiliates which was allegedly conducted to help him to take over control of South Korea's biggest conglomerate. The Seoul Central District Court delivered the not-guilty sentence for…

For nearly a decade, sales representatives from a prominent medical device maker operated a bribery scheme at a Kansas veterans hospital that wasted millions of taxpayer dollars and jeopardized the lives of patients, a recently unsealed whistleblower lawsuit alleges.The sales reps from the company, Medtronic, "bribed hospital staff to purchase its devices over those of competitors and to purchase grossly excessive inventory," according to the suit.In 2017, Tom Schroeder filed the lawsuit, United States ex rel. Schroeder…

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The largest-ever award in the SEC’s cash-for-tips program was related to a bribery case against the telecommunications company. The largest-ever award in the SEC’s cash-for-tips program was related to a bribery case against the telecommunications company. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Amsterdam-based company used special price discounts for distributors and manipulated Chinese procurement processes by influencing state-run hospital officials, regulators said. Amsterdam-based company used special price discounts for distributors and manipulated Chinese procurement processes by influencing state-run hospital officials, regulators said. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

Credit: CC0 Public Domain A new study has shown that the expectation that a bribe will be accepted leads to more attempts at bribery. However, in the experiment the actual corruptibility of officials of certain nationalities did not match the expectations of those offering bribes. Researchers urge that actively fighting biases can reduce corruption. …

The creator of the wildly popular artificial intelligence service ChatGPT is facing the threat of a landmark defamation claim in Australia after one of its systems falsely described a whistleblower in a bribery scandal as being one of its perpetrators.Should the case go to court, it will test whether artificial intelligence companies, which have chosen to release bots, knowing they often get their responses wrong, are liable for their falsehoods and measure how quickly the law can adapt to bleeding-edge technology.Brian…

An unaffiliated Amazon consultant pleaded guilty to handing out more than $100,000 in commercial bribes since 2017. Ephraim “Ed” Rosenberg was charged alongside five others for paying bribes to Amazon employees in India who in return, would provide some Amazon merchants with a heightened advantage for selling goods on the platform.Prime Day Ain't That 'Green'Rosenberg made his plea on Thursday, admitting that he had bribed company employees, and apologized for the crime in a LinkedIn post on Monday. “On some occasions, I…

FTX founder and former CEO Sam Bankman-Fried (aka SBF) pleaded not guilty to five additional criminal charges this morning, according to CNBC. Prosecutors accuse the disgraced crypto exec of fraud and bribery for conspiring to send at least $40 million to Chinese government officials so they would unfreeze more than $1 billion in cryptocurrency, which he allegedly used to fund loss-generating trades. On Tuesday, the U.S. Attorney’s Office for the Southern District of New York (SDNY) unsealed the third round of criminal…

U.S. federal prosecutors have added yet another charge to the long list that fallen cryptocurrency founder, Sam Bankman-Fried, is facing. The former CEO of crypto exchange FTX is being indicted over allegations that he bribed Chinese government officials to the tune of more than $40 million dollars as part of his shady financial dealings. The news was first reported by Reuters, and comes from a legal document filed and unsealed Tuesday.The superseding indictment alleges that Bankman-Fried (or SBF as he’s commonly called)…