Pfizer Inc. will pay $60 million to settle a foreign bribery dispute after authorities learned of misconduct in several countries including Kazakhstan, Russia, Croatia, China, and Bulgaria. Though officials at the pharmaceutical company claim not to have known about the bribery, The Securities and Exchange Commission and the Department of Justice negotiated two civil settlements with Pfizer for a total of $45 million. Pfizer will pay another $15 million in other penalties. Light has now been shed on the illegal sales tactics of Pfizer’s foreign subsidiaries, which date back to 2001. Sales reps were offering bonus programs and point incentives
Archive for the ‘Bribery’ Category
Pharmaceutical Company to Pay $60M in Bribery Settlement
8 August 2012 by jacksonwhite | Bribery, Criminal Defense Law, Criminal Law, Criminal Sentencing, Fraud, White Collar Crime | No CommentsThe Story of Jack Abramoff
26 July 2012 by jacksonwhite | Bribery, Criminal Defense Law, Criminal Law, Criminal Sentencing, Fraud, White Collar Crime | No CommentsJack Abramoff is one of the most notorious fraud artists in America, most known for his deceptive lobbying tactics which eventually landed him in a medium security prison in Cumberland, Maryland for three and a half years. Abramoff gave an interview with CBS correspondent Lesley Stahl in November of 2011. The interview, which was recently re-aired July 8, 2012, goes into the details of Abramoff’s fraudulent business interactions. Abramoff used gifts and other incentives, such as golfing trips to Scotland, access to private jets, free drinks and meals at his D.C. restaurant, Signatures, and tickets to sporting events and concerts,
Extortion, Blackmail, and Bribery in Arizona
19 July 2012 by jacksonwhite | Bribery, Criminal Defense Law, Criminal Law, Criminal Sentencing, Extortion, Fraud, White Collar Crime | No CommentsExtortion occurs when a criminal takes or steals something from another person through threatening means. According to ARS 13-1804, a person can be accused of theft by extortion in Arizona if they knowingly obtain or try to obtain items with a threat to do one of the following actions in the future: Cause physical injury, physical harm, or property damage Accuse someone of a crime File criminal charges against someone Release confidential information to subject someone else to public ridicule Use true or false information to ruin someone else’s credit Take away someone else’s personal property Blackmail is one of
Albany Hospital Executive Sentenced to 3 Years for Bribery
3 July 2012 by jacksonwhite | Bribery, Criminal Defense Law, Criminal Law, Fraud, White Collar Crime | No CommentsIn early May of 2012, David P. Rosen, a hospital CEO in Albany, New York was sentenced to three years in prison for bribery. Rosen was convicted of bribing former State Senator, Carl Kruger, and two other legislators in exchange for their influence in benefiting Rosen’s health care organization, MediSys. Rosen was tried before Judge Rakoff, who showed little sympathy, stating that “Mr. Rosen, over a period of many years, knowingly and intentionally bribed one state legislator after another.” While Rosen’s lawyers pleaded for leniency, Rakoff insisted that the seriousness of his crimes, which involved funneling hundreds of thousands of
Palo Alto Attorney Convicted of Bribery and Multiple DUIs
2 July 2012 by jacksonwhite | Bribery, Criminal Law, DUI, Fraud, Misdemeanor DUI | No CommentsRichard Chae, a patent attorney from Palo Alto, California was convicted of bribery last Thursday. Chae was pulled over while driving his Lexus on February 26, 2010 in Colma at 2:40 a.m., after police suspected drunk driving. Apparently, this was not the first time Chae had been pulled over for a DUI, so the panicked attorney offered the two police officers $900 if “this could all go away.” When the cops rejected the money, Chae only increased the amount of the bribe, first to $5,000 and then to $35,000. But the money wasn’t enough to tempt the officers; Chae was
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