"Smith & Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas. The SEC said on Monday that sales staff at the Springfield, Massachusetts-based company engaged in a "pervasive" effort to win contracts from 2007 to 2010 by authorizing or making illegal payments or providing gifts to government officials in Pakistan, Indonesia, Turkey, Nepal and Bangladesh. In one instance, Smith & Wesson approved a sale of 548 pistols to Pakistani police after its agent, who was hired in 2008, notified the company he would give cash and more than $11,000 worth of guns to police officials to complete the deal, the SEC said."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Smith_%26_Wesson
Revision History
No revisions have been submitted for this quote.
Categories
Smith & Wesson
Smith & Wesson (S&W) is an American manufacturer of firearms, ammunition and restraints. The corporate headquarters are in Springfield. Smith & Wesson was founded in 1852 and is now a unit of American Outdoor Brands Corporation.
34 quotes on TrueQuotesView all quotes by Smith & Wesson →
Related Quotes
"In 1989, rather late in the computer revolution, the Bureau of Alcohol, Tobacco, and Firearms (ATF) was finally able …"
"The Smith & Wesson Holding Corporation, the nation's oldest maker of handguns, named Dennis Bingham chairman after th…"
"When he picked up the phone at his Scottsdale, Ariz., home last month, James Joseph Minder realized it was the call h…"
"The future of the chairman of handgun maker Smith & Wesson was in question on Thursday night after it turned out he k…"
"The head of America's oldest gun maker, Smith & Wesson, has resigned after a local newspaper exposed his past as a co…"
"While recognizing the very serious mistakes in his early life, the board believes that Mr. Minder has led an exemplar…"
"This story ends with an embarrassing moment in February 2004. That was when executives at Smith & Wesson, the firearm…"
"It is hard to imagine a company sinking as low as Smith & Wesson, the legendary arms maker that equipped soldiers fro…"
"The four weapons that authorities say were used in the massacre at a Colorado theater showing of the latest Batman mo…"
"Gunmaker Smith & Wesson Holding Corp. yesterday stood by board member and former chairman James J. Minder despite rev…"