Hewlett-Packard to Pay $108 million for International Bribery & Money Laundering

Discussion in 'The Howard Stern Show' started by Phillipmcd, Apr 10, 2014.

  1. Phillipmcd

    Phillipmcd Active Member

    Reputations:
    69
    Joined:
    Dec 13, 2011
    Messages:
    5,301
    Likes Received:
    24
    Hewlett-Packard has admitted to creating and using slush funds for bribes, money laundering, and clandestine “bag of cash†handoffs in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents.


    HP’s guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats.

    https://news.vice.com/articles/hewl...ering-schemes?trk_source=homepage-in-the-news
     
  2. LaserT

    LaserT You have to have fun. Gold

    Reputations:
    348,112
    Joined:
    May 3, 2013
    Messages:
    20,087
    Likes Received:
    37,019
    What else is new? :rolleye2:
     
  3. Phillipmcd

    Phillipmcd Active Member

    Reputations:
    69
    Joined:
    Dec 13, 2011
    Messages:
    5,301
    Likes Received:
    24
    [video=youtube;PBwAxmrE194]http://www.youtube.com/watch?v=PBwAxmrE194[/video]
     
  4. LaserT

    LaserT You have to have fun. Gold

    Reputations:
    348,112
    Joined:
    May 3, 2013
    Messages:
    20,087
    Likes Received:
    37,019
    :lol: Exactly. Haven't heard that song in a long time.
     
  5. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    136,434
    Joined:
    Dec 31, 2011
    Messages:
    57,784
    Likes Received:
    17,078
    Pennies. They make 100x that during the time most people get coffee in the morning.
     
  6. Dlist

    Dlist Well-Known Member VIP

    Reputations:
    340,301
    Joined:
    Jan 16, 2012
    Messages:
    28,614
    Likes Received:
    37,744
    This makes me sad. My first job out of college was at Hewlett Packard.
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    136,434
    Joined:
    Dec 31, 2011
    Messages:
    57,784
    Likes Received:
    17,078
    its not the same company anymore. the old HP died when the bitch took over. now its really compaq computers with a different letterhead. nothing they make is even close to the quality they put into their paper clips way back when.
     
  8. Dlist

    Dlist Well-Known Member VIP

    Reputations:
    340,301
    Joined:
    Jan 16, 2012
    Messages:
    28,614
    Likes Received:
    37,744
    Yes, you are right. I worked there when we had beer busts on Friday with softball games, and profit sharing. And I was cheering for the chick when she took over, but she really fucked HP up.
     
  9. NotMyBro

    NotMyBro VIP Extreme Gold

    Reputations:
    68,396
    Joined:
    Nov 7, 2012
    Messages:
    6,790
    Likes Received:
    4,975
    HP's a shit company now. Absolutely horrible equipment. Parts of US Mil have a contract with them and the computers they delivered were absolutely atrocious. They started falling apart not even 2 months after purchase.
     
  10. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    136,434
    Joined:
    Dec 31, 2011
    Messages:
    57,784
    Likes Received:
    17,078
    I have an HP 65 (I'm the original owner) that I bought in 1974
    [​IMG]

    It still works exactly as it did when I got it. Even the tape drive works, 40 years later. You're lucky if you get 40 days out of an HP product now.