SEC
Whistleblower
Advocates

January 12, 2017

Biomet, Inc.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $13,022,805

Defendants: Biomet, Inc.

After settling FCPA charges in 2012, the company learned of additional potential anti-bribery violations in Brazil and Mexico while implementing recommendations of its independent monitor. The SEC found that Biomet continued to interact and improperly record transactions with a known prohibited distributor in Brazil, and used a third-party customs broker to pay bribes to Mexican customs officials to facilitate the importation and smuggling of unregistered and mislabeled dental products.

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