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John Deere Settles Foreign Bribery Case with $9.9 Million Agreement

Deere & Company has agreed to pay $9.9 million to settle charges from the Security and Exchange Commission alleging that the company violated the Foreign Corrupt Practices Act, which prohibits U.S. companies from paying foreign government officials to aid in acquiring business.

The SEC concluded that Deere was in violation of the FCPA's record keeping policies and Deere & Company agreed to the SEC's order to cease and desist from further violations of the FCPA. The $9.9 million is a result of 2 separate payments — $5.4 million which the company is alleged to have profited from the scandal as well as $4.5 million in additional civil penalties. 

Despite calls from various organizations for top Deere officials to resign, the terms of the $9.9 million settlement do not include any acknowledgement of fault or denial of guilt from Deere.   

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Uncover the world of insurance salvage auctions in Canada

Video: Uncover the world of insurance salvage auctions in Canada

What happens to vehicles, farm equipment, machinery and other valuable assets after an insurance claim? They may have more value—and opportunity—than you think.
In this interview, Christine O’Brien, Director of Marketing at Barga, takes us inside the world of insurance salvage auctions and explains how the Saskatoon-based company is making these assets directly accessible to buyers across Canada.
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With new auctions every two weeks, Barga offers much more than farm equipment, with a diverse range of vehicles, machinery, equipment and other unexpected finds coming up for bid.
Christine explains how the auction process works, what buyers should know before bidding, and why insurance salvage can offer some interesting opportunities for Canadians looking for equipment, vehicles or a great deal.
Registration is free, allowing buyers to browse upcoming auctions, watch items that catch their attention and bid when the right opportunity comes along.