 Image from a quicklink (Image by Unknown Owner) Details DMCA | A federal law to prevent U.S. companies from paying bribes to business overseas recently came to the forefront when The New York Times reported that Walmart officials had covered up alleged bribes made by company representatives in Mexico. The retail giant faces federal investigation for violating the Foreign Corrupt Practices Act (FCPA). Wealthy individuals connected with Walmart have meanwhile taken advantage of new campaign finance rules that allow for unlimited contributions -- and raise fears of unlimited influence over a future administration.
Jim and Alice Walton, children of the founder of Walmart, have contributed $200,000 each to Restore Our Future, the super PAC supporting Republican presidential candidate Mitt Romney's campaign. Jim Walton sits on the board of Walmart, and both owe their place near the top of the Forbes list of the 400 richest Americans to their stake... |
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At www.huffingtonpost.com
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