The new "Procurement Collusion Strike Force" aims to root out antitrust crimes like bid-rigging and price-fixing in the procurement of government contracts.
The defunct WMC Mortgage unit "has emerged in recent months as one of the biggest headaches in GE's vast business empire.”
Aircraft manufacturer Embraer admitted responsibility for multiple FCPA violations in four foreign countries from 2007 to 2011.
After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.
The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.
“Bio-Rad Laboratories failed to detect a bribery scheme and did not properly address red flags that such a scheme was underway,” said an SEC official.
To prevent white-collar crime, prosecutors are now focusing on raising shareholder ire.