Citigroup Inc. said Friday it is being investigated for hiring practices that might violate the FCPA.
Entries in Qualcomm Inc. (5)
With every enforcement action comes lessons and warning tales for other companies and compliance officers. Last week Qualcomm paid $7.5 million to settle SEC charges that it violated the Foreign Corrupt Practices Act by hiring relatives of Chinese officials responsible for deciding whether to select the company’s mobile technology products.
The Securities and Exchange Commission said Tuesday that Qualcomm Incorporated agreed to pay $7.5 million to settle charges that it violated the Foreign Corrupt Practices Act by hiring relatives of Chinese government officials.
Jing Wang, the former president of global business operations for Qualcomm Inc., was sentenced Friday to 18 months in prison and fined $500,000 for his role in a three-year insider trading scheme and cover up.
A former president of Qualcomm Inc.'s global business operations pleaded guilty Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, and to a related money laundering charge.