sec whistleblower attorneys
December 06, 2019
Telefonaktiebolaget LM Ericsson
FCPA
SANCTION AMOUNT: Approximately $539 million
Defendants: Telefonaktiebolaget LM Ericsson
Defendant, a Sweden-based multinational telecomm, allegedly engaged in a large-scale bribery scheme involving the use of sham consultants and other tactics to secretly funnel money to government officials in Saudi Arabia, China, Djibouti, Vietnam, Indonesia and Kuwait. The SEC found that hundreds of millions of dollars in profits were reaped from the scheme. Defendant agreed to settle the charges.
- Key Docs
- Official SEC press release
