Biomet Pays $17.4 Million Criminal Penalty for Corruption
(January 12, 2017) Zimmer Biomet agreed to pay a $17.4 million criminal penalty in connection with a scheme to bribe South American, Mexican and Chinese doctors to use the company’s products. According to the Justice Department, “Phony invoices were used to justify the payments, and the bribes were falsely recorded as “consulting fees” or “commissions” in Biomet’s books and records.”
Zimmer Biomet had been in breach of a 2012 deferred prosecution agreement (DPA) with the Department resolving an earlier investigation into FCPA violations committed by Biomet Inc., which became part of Zimmer Biomet in 2015.
Read the entire Department of Justice press release.
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