Cempaka Asean: IBM Agrees to Pay $10 Million to Settle SEC Foreign-Bribery Allegations

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - Text version)

“….. Here is the prediction: China will turn North Korea loose soon. The alliance will dissolve, or become stale. There will be political upheaval in China. Not a coup and not a revolution. Within the inner circles of that which you call Chinese politics, there will be a re-evaluation of goals and monetary policy. Eventually, you will see a break with North Korea, allowing still another dictator to fall and unification to occur with the south. ….”

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Saturday, March 19, 2011

IBM Agrees to Pay $10 Million to Settle SEC Foreign-Bribery Allegations

Bloomberg, By Tom Schoenberg and Joshua Gallu - Mar 18, 2011

International Business Machines Corp. (IBM), the world’s largest computer-services provider, agreed to pay $10 million to settle U.S. regulators’ accusations that it gave cash and gifts to Chinese and South Korean officials in connection with about $54 million in government contracts.

The company, without admitting or denying wrongdoing, will pay $5.3 million in disgorgement, $2.7 million in interest and a penalty of $2 million to settle a lawsuit filed today by the Securities and Exchange Commission in Washington federal court, according to court papers.

The SEC alleged the bribes, which included travel and entertainment, occurred from 1998 through 2009 in violation of the Foreign Corrupt Practices Act.

“Deficient internal controls allowed employees of IBM’s subsidiaries and joint venture to use local business partners and travel agencies as conduits for bribes or other improper payments to South Korean and Chinese government officials over long periods of time,” the SEC said in the complaint.

The improper payments were made by employees at three subsidiaries of Armonk, New York-based IBM, as well as LG IBM PC Co., a joint venture between the company and LG Electronics Inc., according to the lawsuit.

The SEC said cash payments to South Korean officials from 1998 to 2003 totaled $207,000. The payments were connected to contracts worth almost $54 million, the SEC said.

Bags of Money

Some of the money paid to Korean officials was delivered in shopping bags at specific drop-off locations, such as restaurant or apartment parking lots.

In China, the IBM employees created “slush funds” at local travel agencies that were used to pay for overseas excursions by Chinese government officials. IBM employees also gave gifts, such as cameras and laptop computers, to Chinese government officials, the SEC said.

“The misconduct in China involved several key IBM-China employees and more than 100 IBM China employees overall,” the SEC said.

The SEC lawsuit doesn’t say what IBM received from China in return.

“IBM insists on the highest ethical standards in the conduct of its business and requires all employees to follow its policies and procedures for conducting business,” Doug Shelton, an IBM spokesman, said in an e-mailed statement.

The settlement agreement, filed in court today, was signed by IBM’s general counsel on Jan. 6.

No Insurance

IBM agreed in the settlement, which requires approval from a federal judge, not to pay the monetary penalties from any insurance policy.

Alisa Finelli, a Justice Department spokeswoman, declined to comment on whether there’s a criminal investigation of the matter.

IBM expects that revenue from geographic growth markets, including China and South Korea, will be about 30 percent of total sales in 2015, up from 21 percent last year, according to company executives.

The case is SEC v. International Business Machines Corp., 11-cv-00563, U.S. District Court, District of Columbia (Washington).

To contact the reporter on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net; Joshua Gallu in Washington at jgallu@bloomberg.net.

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net.

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Saturday, March 19, 2011

IBM Agrees to Pay $10 Million to Settle SEC Foreign-Bribery Allegations

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