• Tyson Foods Resolves FCPA Investigation with U.S. Government
  • February 21, 2011 | Author: Zaldwaynaka (Z) Scott
  • Law Firm: Kaye Scholer LLP - Chicago Office
  • Tyson Foods, Inc., one of the world’s largest processors of chicken, agreed to resolve a Foreign Corrupt Practices Act investigation with the payment of $5.2 million in fines and penalties following the filing of criminal charges by the Department of Justice (“DOJ”) and a civil complaint by the Securities and Exchange Commission (“SEC”). According to court documents, the FCPA enforcement actions were focused on payments made by Tyson and its wholly-owned subsidiary in Mexico to Mexican veterinarians responsible for inspections in its plants. These payments were, in part, funneled through a ghost payroll scheme to the wives of the payees.