corporate crime

5 Stories

Feds Target Walmart Bribery Scam in Criminal Inquiry

Company could face 'incredibly high' penalties

(Newser) - Walmart is under criminal investigation by the Department of Justice over allegations that it doled out millions in bribes to Mexican officials in order to grow its business there more quickly, sources tell Bloomberg and the Washington Post . The US Foreign Corrupt Practices Act prohibits companies from paying foreign officials... More »

Walmart Silences $27M Bribery Probe

Company execs scuttle investigation into Mexican payoffs

(Newser) - Looks like Walmart stores blew past their competition in Mexico by doling out millions of dollars in bribes—and, when the scandal came to light, sweeping it deftly under the rug, the New York Times reports. Former Walmart de Mexico executive Sergio Cicero Zapata revealed the payoffs in 2005, triggering... More »

Shell Accused of Crimes Against Humanity

Family of Saro-Wiwa sues oil company in American court

(Newser) - Next week Royal Dutch Shell will finally appear in court to answer charges that it was complicit in the death of Ken Saro-Wiwa, the author and oil company critic executed by Nigeria's former military regime in 1995. Saro-Wiwa's family accuses the oil company of "a systemic campaign of human... More »

HP Exec Busted for Passing IBM Secrets

Exec shared rival's confidential info with new HP bosses

(Newser) - A former Hewlett-Packard vice president faces federal charges for sharing trade secrets from IBM, the Wall Street Journal reports. The exec requested confidential pricing information while he was working for IBM. Two months later, he got a job at HP and emailed the info to an HP executive, according to... More »

Nader Begins White House Bid

Dems intend full-court press to keep potential spoiler off the ballot

(Newser) - Consumer advocate Ralph Nader, whose third-party candidacy many thought handed George W. Bush the presidency in 2000, announced this morning that he will again make a bid for the White House, reports MSNBC. In a Meet the Press interview, he cited America's fatigue with mainstream parties and his belief that... More »

5 Stories