Apr 24, 2013
Editor’s Note: Over the next few weeks VLTP will be publishing a series exposing the American Legislative Exchange Council’s (ALEC) involvement with advancing their conservative agenda, model legislation and resolutions worldwide. We have discovered and begun to monitor the activities of ALEC overseas as they pursue developing and sponsoring legislation they favor in foreign countries. [...]
Apr 27, 2012
(Reuters) – Wal-Mart Stores Inc (WMT.N) may not find the math easy when it tries to assess the potential criminal liabilities from an alleged bribery scandal and possible cover-up at its Mexican unit. Whether a potential settlement with U.S. authorities involves several hundreds of millions of dollars of penalties, or even billions, will likely depend [...]
Apr 25, 2012
By: Sarah Jones | April 23, 2012 The Depart of Justice is investigating Wal-Mart for possible violations of a federal law. To put this in perspective, in 2008, Siemens AG paid a $450 million fine for violating the FCPA (Foreign Corrupt Practices Act). Apparently, money can buy more than elections – money can also buy [...]
Apr 24, 2012
Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from [...]
