A Banner Year for Corruption-Related Settlements

Wednesday, 31 December 2014 00:00 Nick Sanders
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During 2014, the U.S. Department of Justice collected almost $2.4 Billion dollars in criminal and civil actions, according to a recent DOJ press release. And that was just within the purview of the Eastern District of Pennsylvania – that was not the entirety of the DOJ haul, just one piece of it.

You know it’s going to be a good year for the DOJ as a whole. We know: we’ve seen the daily enforcement summaries.

It gotten to the point that we decided to simply stop reporting on the repetitive stories. We were bored, and we assumed our readers were bored as well. Why continue to make a point about the cost of corruption when there is no apparent deterrence from the story? Why continue to argue for investing in effective internal controls when so few companies seem to listen?

Fraud and corruption are endemic, it seems. Bribery and kickbacks are simply part of how business is done. How else can we explain the same story, repeated over and over, ad nauseum, about corporate wrongdoing?

You think we exaggerate? Deal with the following list:

When fraud and bribery and product substitution and other corruption become the routine, boring norm for a blog such as this one … well, then you know we are all in trouble from an ethics perspective.

Happy New Year.

May the New Year be less ethically challenged than 2014 was.