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Hewlett-Packard Admits To International Bribery and Money Laundering Schemes
First time accepted submitter CP (1315157) writes "Hewlett-Packard has admitted to [bribery and money laundering] 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."
Corporations are not people. They don't make decisions. Executives make decisions.
Lock the bastards up.
I do not fail; I succeed at finding out what does not work.
That equates out to like a $5 fine for those outside of the corporate bubble...
Of course, when the rules are designed to sabotage you, it's no wonder that Huweii is growing. It's not all HP's ineptness.Yes, it's all greased in most of the world. Deal with it.
That's how justice works now in this third-world like corruption that governs business in the good 'ol USA.
"Hewlett-Packard has admitted to in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents.
It's cool if you want to take part of the story for the summary, but you dropped out an important part.
The Original:
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.
That's called business. In many places such bribes, and expenditures are just simply part of business. Those in government get paid low wages. The take is considered acceptable as long as its within reason.
And many places like Eastern Europe, Asia, S. America. You're not building an office building without bribes.
news?
to someone who lives, on a a daily basis, with the discrimination and stigma of being a convicted felon for minor drug offenses, these kind of articles piss me off to no end.
these corporate douchebags can blatantly break federal, state, and international laws and not even lose their jobs, where people like me who got caught with some recreational substance see their entire careers and life go into the toilet.
fuck those HP crooks, AND the DOJ they rode in on.
never bring a twinkie to a food fight.
Really, Greece less corrupt than Poland!!! You are on the crack pipe mate. The Corruption perceptions index 2012 has Poland scoring 58 and ranked 41 in the world, where as Greece manages just 36 and is ranked 94. Greece has the worst corruption problem in the whole of the E.U. including all the ex communist states. Greece can only dream of having as little corruption as Poland.
In the UK, we have a particularly strict law called the Bribery Act 2010, which is good, because it not only prohibits giving and receiving bribes to win business, but it also prohibits failing to prevent it.
Does America have anything even close? I suppose I shouldn't be surprised if they don't, because the US rent-seeker corporate Right would fight it tooth and nail.
We have the Ottomans and their dysfunctional culture to thank for that. They are the ones who brought in different rules for different groups, and they are the ones who indirectly legitimized corruption in southern Europe. It's a wonder that we are as nice to the Turks as we are, considering the damage they've done.
even with the better offer they will be excluded if they don't provide some "oil" (that's how we call it in Greece)
The rest of the world calls it "Greece". Or was it "grease"? I wonder if there's a connection...
Ezekiel 23:20
Here comes to layoff to make up estimated $200m shortfall in revenue. (Management will stay the same so we can increase revenue further)
Not that it looks better now. $800 for bribery and money laundering
Matt Taibbi from Rolling Stone was on the Daily Show a few nights back, pimping his book The Divide. This is what happens in our two-tiered justice system. Steal big, and maybe you have to give some of the money you stole to the government, but no jail time. Steal small, jail.
Really, it comes down to whether or not you can bribe the government. So long as the government's gettin' its beak wet, they don't really care about international bribery and money laundering.
We don't have a state-run media we have a media-run state.
The US military should just drop bombs on their headquarters. That would get rid of HP's perpetually unfair bullshit forever and single handedly double the quality of laptops and printers as a whole worldwide. And secondary targets should be Open Candy and Conduit's headquarters.
Vote Slashmydots for president, 2016 - "We'll bomb our way to a better tech world."
This is why people in those countries go into government in the first place -- so you can ge in the way of things so you can get paid to get back out of the way.
This happens in the US, too, but not as much (or, a lot more, based on dollars, but with a much more polished meme cover story).
"Well, look at that. Those oil or pharmas are having unconscionable profits agin', Homer!"
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
This.
If its not illegal in the country the act was committed in, why should we bother with it? Or maybe Russia and Mexico should start inditing companies for participating in our corrupt patent system.
Have gnu, will travel.
That would be wagging the dog. Nail the ones who take them. They are the criminals.
“He’s not deformed, he’s just drunk!”
... in exchange for how many billion dollars in profit?
http://www.threefeloniesaday.c...
I guess you remember every single law that was being enacted huh?
Big Government shill like you is the exact reason why Hitler, Mao and Stalin came to power.
New Economic Perspectives
If I am an employer I will look past the possession part, but the DUI, driving w/ license suspended etc probably call for some questioning of judgement.
New Economic Perspectives
Because every time an HP leader breaks the law the employees must take the training.
Why stop child killing, pedos traveling internationally to lands that don't care, recording their deeds and bringing the recordings home for later enjoyment.
Because possession of that material in this jurisdiction is illegal.
Do you actually know of any countries where this sort of activity is legal?
An alternative issue is what if it is only 'legal' due to the illegal activities of the company involved. See a number of large corporates stoking civil wars to get law changes through with a change of government.
As long as the civil war is won, the corporations activities are legal, or are pardoned by the new government. But how is this different than contributing to the GOP to help them regain control of both legislative houses and then getting laws changed and current programs canceled?
Have gnu, will travel.
In globalization, every MNC is a Pyramid/Ponzi scandal.
Casteism