This morning I linked to the Amish’s scuffle with the SEC and now I give you “chocolate” from Jim Hamilton’s blog:
According to the complaint, Orthofix’s Mexican subsidiary Promeca S.A. de C.V., bribed officials at Mexico’s government-owned health care and social services institution Instituto Mexicano del Seguro Social (IMSS). As alleged, the “chocolates” came in the form of cash, laptop computers, televisions, and appliances that were provided directly to Mexican government officials or indirectly through front companies that the officials owned. The bribery scheme yielded nearly $5 million in illegal profits for the Orthofix subsidiary, alleged the SEC.
That must have been a sweet deal for the Mexican officials. (I know that was lame).