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IBM Charged With Bribing Korean, Chinese Officials

Posted by timothy on from the conditions-on-the-ground-called-for-it dept.

angry tapir writes "The US Securities and Exchange Commission has charged IBM with giving hundreds of thousands of dollars in bribes to South Korean and Chinese officials starting in the late 1990s, according to court documents. IBM has agreed to pay US$10 million to settle the SEC lawsuit."

7 of 263 comments (clear)

  1. Bribery fines are funny by MartinSchou · · Score: 5, Insightful

    "We're sorry we bribed these guys over there. How much do we have to pay you guys to make this problem go away?"

    1. Re:Bribery fines are funny by phantomfive · · Score: 5, Insightful

      Seriously, doesn't it seem like the US SEC just wanted in on the deal? I'm against bribery because living in a culture of bribery is miserable. If China wants to have a system of bribes necessary to get anything done, let them do so. I don't want the SEC to import that culture over here!

      --
      "First they came for the slanderers and i said nothing."
    2. Re:Bribery fines are funny by rolfwind · · Score: 5, Insightful

      If China wants to have a system of bribes necessary to get anything done, let them do so. I don't want the SEC to import that culture over here!

      What, are you fucking ignorant?

      Haven't you seen how Congress is controlled yet? Via campaign contributions. And you don't think that it's filtered down to the state and local level?

      My town only lets tow truck company with town specific permits pick up cars within limits, they even apply this to the highway which technically is federal and should be illegal, and they only let one company have the permits even though there are many others in the area.

  2. They just got caught is all. by pro151 · · Score: 5, Insightful

    They all do it, IBM just got caught. :-)>

  3. I have mod points by Anonymous Coward · · Score: 5, Funny

    So if anyone wants some +1 Insightfuls, well...let's see if we can work out an "agreement."

  4. Re:Why is this illegal? by Lord_of_the_nerf · · Score: 5, Insightful

    What if we called it 'lobbying'?

  5. Re:Not to get too political... by MickyTheIdiot · · Score: 5, Insightful

    Well... why not. The Supreme Court already made it legal to bribe officials domestically.