HP Settles Bribery Case for $16.25 Million
Hewlett-Packard (HP) has agreed to cut a check for $16.25 million to settle allegations that it bribed Texas school officials with expensive gifts in exchange for federally funded contracts that pay for Internet connections for schools and libraries, the Associated Press reports.
We're not talking about $100 watches here, but pricey items like Super Bowl tickets and yacht trips. This drew the attention of the Federal Communications Commission (FCC) and Department of Justice (DoJ), which accused HP of fraud related to the government's E-rate program, an $8 billion-a-year fund that subsidizes Internet access in rural communities via a surcharge on phone bills.
It's all water under the bridge, says HP, which points out that this occurred over five years ago and that the employees responsible have since been canned.
