Profile picture
DawsonSField
@DawsonSField
, 8 tweets, 4 min read Read on Twitter
GE, Phillips, & Siemens facing SEC charges for Chinese corruption.
This follows up on similar investigations of the 3 companies plus Johnson & Johnson's involvement in corruption in Brazil.
#ButNothingsHappening
reuters.com/article/us-bra…
Bribing government officials to get contracts in government controlled healthcare environments.

I'm sure Brazil & China are just isolated cases right... They couldn't be doing this all over the world right?
Ut oh, looks like they all found out from the reporters that the SEC & the FBI are investigating them. Because the FCPA is a federal law & FBI investigates criminal violations of that law.
Controlling a $58B a year market might be just the kind of thing to draw the worst kind of corrupt business practices!
GE Shareholders sued the company in 2018 alleging that since 2011, GE, Toshiba, Seimens & others entered into price fixing & corrupt deals to profit off the corruption in China.
You think maybe those deals applied to business in the US & Europe? I guess we will see...
Of course they all plead innocence & ignorance, but time will tell. Meanwhile folks still think that nothing is happening!
Here is a previous thread on the corruption in Brazil involving many of the same companies. threadreaderapp.com/thread/1129433…
Of course I'm sure it has no connection to the wife of Representative Elijah Cummings getting $10M in consulting work from Johnson & Johnson either.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to DawsonSField
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#ButNothingsHappening

More from @DawsonSField see all

Profile picture
DawsonSField
@DawsonSField
Merrill Lynch's commodities unit pays $25M & agrees to cooperate for rigging the cost of precious metals on the futures market from 2008-2014. I guess no one was looking for corruption during that time period! #ButNothingsHappening
justice.gov/opa/pr/merrill…
So Merrill Lynch & their parent company Bank of America Corporation (BAC) have agreed to flip & provide evidence against individuals & corrupt schemes being used in BAC’s Global Markets’ Commodities Business. #ButNothingsHappening
There is also a separate parallel deal with the Commodities Futures Trading Commission (which is a trend) as many of these commodities traders (Glencore & others) were rigging futures trading by manipulating reported inventories. This includes units run by many of the big banks.
Read 3 tweets
Profile picture
DawsonSField
@DawsonSField
$39M stolen from food program for needy day care children. Enabled by employees of the Florida Dept. of Health including bribes from one defendant to assist the scheme. #ButNothingsHappening Stealing food from needy children, that's not a good look
justice.gov/usao-sdfl/pr/e…
The 2 individuals stole $39M from the federally funded Child Care Food Program. Inflated numbers, ghost employees, catering contractor kickbacks, state employees making false allegations against other providers to throw the feds off the trail, and so much more. HT @BabeReflex_8
One gets 10 years in prison & has to pay back $26M. The other gets 8 years in prison & seizure of $13M.

Think the Dems are going to be able to run in 2020 on expanding programs like this as the Trump DOJ keeps prosecuting fraudsters who use & supposedly oversee this programs.
Read 8 tweets
Profile picture
DawsonSField
@DawsonSField
The Venezuelan corruption case has expanded beyond it's oil company Citgo to it's electric company.
In a new twist, they are charging the foreign officials with accepting bribes under FCPA instead of the US business
#ButNothingsHappening HT @JarradKushner
justice.gov/opa/pr/two-for…
Charges are for the money laundering to accept the bribes, as they weren't clearly disclosed as bribes, it violated money laundering statutes!
Two defendents (looks like they are from the bribe paying companies) plead guilty to 1 count each of violating FCPA & will surrender at least $5.5M each from the proceeds of the contracts. #ButNothingsHappening
Read 3 tweets

Related threads

Profile picture
IndoPacific_SCS_Info
@IndoPac_Info
When #China Massacred Its Own People - “Lies written in ink cannot disguise facts written in blood.” nytimes.com/2019/06/01/opi…
Thirty years ago in the spring of 1989, as the world’s most populous country teetered on the edge of freedom, I received a late-night phone call in my apartment in Beijing: The Chinese Army was invading its own capital.
Students made roads impassable by setting up barricades to block the army, so I got on my bicycle & pedaled furiously toward the gunfire. I reached Tiananmen Square shortly before the army & I watched as soldiers fired their automatic weapons directly at the crowd that I was in.
Read 88 tweets
Profile picture
IndoPacific_SCS_Info
@IndoPac_Info
First #Chinese bank goes belly up in 30 years - "A Big Wake Up Call": Chinese Bond Market Roiled By First Ever Bank Failure - Ouch... that trade war is hurting 👎🇨🇳👎 zerohedge.com/news/2019-05-2…
Late last Friday, we reported that several hours after the market close, China's financial regulator and central bank made a shocking announcement: for the first time in nearly 30 year, China would take control of a bank due to the serious credit risks it poses.
“Baoshang’s case is a big wake-up call,” said Becky Liu, head of China macro strategy at Standard Chartered. "Participants in the interbank market, who didn’t differentiate credit when lending to banks on the belief that they will never go bankrupt, have now become more cautious.
Read 6 tweets
Profile picture
Lola Netty
@TXTrumpette89
wow
Garcia, who served 2 terms as Peru’s president, from 1985-1990 & 2006-2011, shot himself in his bedroom at his home in Lima, the capital, as police waited outside his door to take him to jail over #corruption allegations

latimes.com/world/la-fg-al…
#ICYMI: The #corruption #scandal involves millions of dollars in kickbacks & more than 80 politicians & members of the business elite. It provoked huge street protests nationwide. bbc.com/news/world-lat…
I don't remember hearing abt any of this...do you?

Commodity traders Glencore, Vitol & Trafigura are under investigation on suspicion of paying > $15m of bribes to Brazilian state oil firm #Petrobras, opening a fresh chapter in the Car Wash investigation

theguardian.com/world/2018/dec…
Read 27 tweets
Profile picture
Dr. X
@XKeyscore1
(1) .@POTUS .@realDonaldTrump .@EricTrump .@realDonaldTrump .@IvankaTrump .@SaraCarterDC

#DOD or #DOJ developed an #encrypted #PokemonGO-styled #smartphone app, which is utilized by #DOJ-funded #SurveillanceRolePlayers & #FEMA-compensated #CitizensCorps members to ....
(2) extra-judicially target innocent Americans, with said targeting operations being coordinated through #ThreatFusionCenters with the support of #NSA #DIA & #CyberCommand.

.@POTUS:

The #BushCheneyCabal's #PatriotAct opened the door for multi-trillion dollar #racketeering ....
(3) operations, in which patriotic Americans are labeled as #threats (and by #FBI as #NonInvestigativeSubjects) & then targeted for profit - by Private Intel Agencies & Private Security Contractors - which organize #CitizensCorps members & #SurveillanceRolePlayers into #MILITIAS
Read 25 tweets
Profile picture
Dr. Jack Brown
@DrGJackBrown
THREAD: Body Language Analysis No.4360: GE's CEO Larry Culp's CNBC Interview & Subsequent Stock Sell-off • • #Nonverbal #EmotionalIntelligence #LarryCulp #CEO #GE #GeneralElectric #CrisisManagement #Stock #MediaTraining #BodyLanguage #BodyLanguageExpert
1/ On Monday 12 November 2018, GE's CEO, Larry Culp gave an interview on CNBC. What follows is a partial nonverbal analysis of that exchange and some recommendations and ideas I would propose if he were one of my private clients.
2/ In a business setting, with rare exception, a man should always wear a navy or black suit. Even light grey suits should be avoided, let alone plaid, or beige. Only navy and black suits command the highest authority, rapport, and influence.
Read 72 tweets
Profile picture
Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets

Trending hashtags

#Meru #SwampPeople #PayForPlay #CitizensCorps #Utility #BrazilElections #FARA #Bribery #DL #Boeing #China #Brazil #cryptocurrency #murder #corruption #RACKETEERING #Africa #ICYMI #Thailand #tech #Florianópolis #sanctions #SIKA #Tiananmen #BLUKIP
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!