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"Over the past two years, the U.S. government has collected almost a billion and a half dollars in fines in foreign bribery cases," says Mark Mendelsohn, the Department of Justice prosecutor in charge of more than 100 ongoing cases, one of which culminated in a record seven-year prison term for the former CEO of a subsidiary of the Halliburton Corp., and another which ended in a record $800 million fine against the German giant Siemens. "There's a whole world of conduct that rarely sees the light of day."
"The thing about black money is you can claim it's being used for all kinds of things," the British reporter David Leigh tells Bergman. "You get pots of black money that nobody sees, nobody has to account for, ... you can do anything you like with. Mostly what happens with black money is people steal it because they can."
The case is now being watched closely by countries around the world interested in seeing whether the United States is willing, in a depressed economy, to press forward with an investigation and possible legal case against a company like BAE Systems, whose major client is the Pentagon, and which currently employs some 40,000 American workers. For its part, BAE says that it is cooperating with the investigations.
You'll be outraged when you see it,especially in view of current events and some seemingly inconsequential controversies floating around of late.
The Saudi's get bowed to alright. It also makes you wonder just where all those arms come from. Unholy alliances indeed
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To understand how Siemens, one of the world’s biggest companies, last week ended up paying $1.6 billion in the largest fine for bribery in modern corporate history, it’s worth delving into Mr. Siekaczek’s unusual journey.
A former midlevel executive at Siemens, he was one of several people who arranged a torrent of payments that eventually streamed to well-placed officials around the globe, from Vietnam to Venezuela and from Italy to Israel, according to interviews with Mr. Siekaczek and court records in Germany and the United States.
What is striking about Mr. Siekaczek’s and prosecutors’ accounts of those dealings, which flowed through a web of secret bank accounts and shadowy consultants, is how entrenched corruption had become at a sprawling, sophisticated corporation that externally embraced the nostrums of a transparent global marketplace built on legitimate transactions.
France is all over the pirate situation,interestingly enough.
Seeing this program really makes you realize how narrow our perspectives are when it comes to what's happening now in our own country,as well as around the world. People seem to think deals made anytime prior to the last 10 years have been mysteriously abolished,gone, like they no longer affect us.
Our favorite boogeyman hails from Saudi Arabia, Margaret Thatcher was the one who originally spearheaded this deal and it made GB very,very rich. With Reagan's help at the time (say what you want about Ronald Reagan but it'll take a LOT to bring him down; the man's an icon to this day no matter any wrongdoings).
For anyone who watched the show; the Saudis have interesting tastes in entertainment,all of which are accommodated. FWIW, the shopping fetishes of the Saudi mistresses are also addressed, so much so that the govts involved in this deal bought the Prince a private plane just to transport everything their mistresses bought here in the US.
The level of corruption is so deep,so entrenched in the past,so globally connected that it's hard to imagine ever being able to eradicate it,especially in the near future. One thing's for sure; the only thing this president's doing is streamlining those old,entrenched roads into superhighways.
Gold Oil Drugs G.O.D. is far from dead in this country,it just depends on which one(s) you worship