Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 11 November 2010 13:59

HP settles US bribery charges

Written by Nick Farell
hp_logo_new

Writes a cheque for $16.24 million
The maker of very expensive printer ink, HP has agreed to write a cheque for $16.25 million to make a bribery charge being bought by the Department of Justice and Federal Communications Commission go away.

Acting on tips from whistleblowers within the Dallas and Houston school districts, investigators found that HP "lavished" gifts on two Texas school districts in order to win government contracts. The bribes involved wining and dining, trips on a yacht and tickets to the 2004 Super Bowl.

All this was provided by the contractors to get inside information and win contracts that were supposed to be awarded through a competitive bidding process. The move compromised the FCC's Schools and Libraries or "E-Rate" fund is the program that was allegedly compromised so it was understandibly a bit miffed.

E-Rate provides money to libraries and schools for computer and networking gear. HP was supposed to bid for school district cash under an open process. The government claimed that HP was "conspiring to rig the competitive bidding of E-Rate contracts." 

Even though it has written a huge cheque, HP is not admitting it has done anything. Of course it would never done anything like that every again, if it ever did it in the first place, which it didn't.
HP has also agreed to a compliance program which involves training its employees in how to comply with E-Rate contracting rules .

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments