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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-03-20T18:17:00
A former finance director at medical waste disposal company Stericycle faces Department of Justice (DOJ) charges for his alleged role in a bribery scheme that led the company to an $84 million settlement regarding violations of the Foreign Corrupt Practices Act (FCPA).
Abraham Cigarroa Cervantes, of Mexico, worked as finance director of the Latin America division of Stericycle. He was charged by the DOJ with one count each of conspiracy to violate the FCPA’s anti-bribery and books-and-records provisions, according to an indictment announced in a press release Tuesday.
Stericycle’s 2022 settlements resolved allegations it paid bribes to win government contracts in Brazil, Mexico, and Argentina. The company agreed to pay a criminal penalty of $52.5 million under a deferred prosecution agreement (DPA) with the DOJ, in addition to paying $28 million to resolve a parallel investigation by the Securities and Exchange Commission (SEC). The company also settled with Brazilian authorities as part of its resolution.
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2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-03-21T18:21:00Z By Aaron Nicodemus
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice into bribery allegations against a “third party” but denied a relationship with it.
2024-03-08T18:33:00Z By Kyle Brasseur
The Department of Justice anticipates its upcoming whistleblower reward program will help the agency increase its pipeline of cases involving apparent violations of the Foreign Corrupt Practices Act, said Acting Assistant Attorney General Nicole Argentieri.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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