'Pfizer Admits Bribery in Eight Countries' - Commentary from Jeff Childers 'C&C'
'Yesterday, I came across an interesting media-embargoed story about Pfizer from August. As far as I can tell, it was only reported in a handful of obscure financial media. On August 7th, the SEC issued a press release titled, “SEC Charges Pfizer with FCPA Violations.” Corpwatch reported on the story the very next day with the headline, “Pfizer Admits Bribery in Eight Countries.”
Pfizer settled charges of bribing doctors with cash payments and other gifts going back to 2001. The pharma giant will have to pay about $65 million in fines, a mere trifle, a slap on the wrist, and nobody’s being charged criminally. Corpwatch noted that “the practice of settling fraud cases with companies while not charging any employees might be giving executives an incentive to push the limits of the law.”
You don’t say.
In August, during a congressional hearing, U.S. senator from Rhode Island Jack Reed asked, “A lot of people on the street, they’re wondering how a company can commit serious violations of securities laws and yet no individuals seem to be involved and no individual responsibility was assessed.”
It’s a terrific question that I’ve been asking for a while. Especially after reviewing so many criminal subpoenas served on individual doctors just for prescribing Ivermectin.
I guess Pfizer has a better lobbyist, or something.'
Don't know who is Bigger than Pfizer throughout the news media, for sponsorship.