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Avon could spend $132 million to settle FCPA investigation

The company upped the money it has set aside after talks with the DOJ and SEC

No amount of blush in the world could cover a scar this size — beauty company Avon Products Inc. may need to pay as much as $132 million to settle a federal bribery probe, according to reports.

The beauty company is under investigation for alleged breaches of the Foreign Corrupt Practices Act. The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) claim that Avon provided gifts and money to foreign government officials in exchange for contracts to sell its products in that country.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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