Become a fan of Slashdot on Facebook


Forgot your password?

+ - Hewlett-Packard Admits to International Bribery and Money Laundering Schemes->

Submitted by ClownPenis
ClownPenis writes: Hewlett-Packard has admitted to creating and using slush funds for bribes, money laundering, and clandestine “bag of cash” handoffs in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents.

HP’s guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats.

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Hewlett-Packard Admits to International Bribery and Money Laundering Schemes

Comments Filter:

There are three kinds of people: men, women, and unix.