Self-reporting limits Pfizer's corrupt practices penalties as US widens industry net
This article was originally published in Scrip
Executive Summary
Pfizer has paid $60.2 million in fines and disgorgement of profits plus interest over violations of the US Foreign Corrupt Practices Act (FCPA). But the pharma giant avoided criminal prosecution and long-term government oversight of itself and its US executives by reporting bribes in several European and Asian countries to the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) before an employee or third-party could allege illegal activity.
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