Alere Pays $13 Million to Resolve Accounting Fraud and FCPA Offenses

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Massachusetts-based Alere Inc. will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets, the Securities and Exchange Commission announced. According to SEC, Alere subsidiaries in India and Colombia “obtained or retained business” by making improper payments to officials of government agencies or entities under government […]
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