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Bribery Comes at a High Cost?

By Neil Shous, Esq.

While many people may not think of bribery as a major crime, it can subject an offender to substantial criminal penalties. Take, for example, the most recent publicized case against Daimler AG (a powerhouse German automaker). Daimler AG is paying over $180 million to settle charges with the U.S. Securities and Exchange Commission and the U.S. Department of Justice. This settlement is based on criminal allegations that bribery was a standard business practice within the company. The federal suit against Daimler accuses the company of making ?illicit payments, directly or indirectly, to foreign government officials in order to secure and maintain business worldwide? over a ten-year period. In this state, California?s bribery laws apply to public officials who solicit or accept bribes...continue to full post

Full post as published by California Criminal Defense Blog on April 06, 2010 (boomark / email).