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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Foreign Corrupt Practices Act Violations – SEC Settlement

As part of a settlement with the Department of Justice over alleged violations of the Foreign Corrupt Practices Act (FCPA) (see Pfizer instance, “Foreign Corrupt Practices Act Deferred Prosecution Agreement”), Pfizer and Wyeth LLC (acquired by Pfizer in 2009) paid the Securities and Exchange Commission (SEC) a combined total of $45.2 million in disgorgement of profits and interest. The SEC charged Pfizer and Wyeth with violating the FCPA by making improper payments to government officials in several countries including Bulgaria, China, Croatia, Czech Republic, Indonesia, Italy, Kazakhstan, Pakistan, Russia, Saudi Arabia, and Serbia, and attempting to conceal the improper payments.

Misconduct Type
Ethics
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
8/7/2012
Contractors Involved Penalty
Total
Pfizer, Inc. $45,216,568
Further Information Released
SEC Complaint – Pfizer 8/7/2012
SEC Complaint – Wyeth 8/7/2012
SEC Press Release 8/7/2012

See also:

Federal Contractor Misconduct Database