Alere Inc. paid more than $13 million last week to settle SEC charges of accounting fraud and overseas bribery. Embedded in the details are some very meaningful lessons for compliance leaders, and even more importantly, for business leaders.… Continue Reading
Massachusetts-based Alere Inc. will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets, the SEC said Thursday.
Alere subsidiaries in India and Colombia “obtained or retained business” by using distributors or consultants to make improper payments to officials of government agencies or entities under government control, the SEC said.… Continue Reading
Alere Inc said in an SEC filing Tuesday that it received a grand jury subpoena from the DOJ for documents relating to its sales practices in Africa, Asia, and Latin America.… Continue Reading