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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
SEC v. Cupo (Insider Trading)
The Securities and Exchange Commission (SEC) charged Mark Cupo, former director of accounting and reporting at Sanofi-Aventis, with taking part in an insider trading ring involving executives from three pharmaceutical companies. The SEC alleged that the scheme, which operated from 2007 to 2012, generated $1.7 million in illegal profits and kickbacks by trading in advance of 11 public announcements involving mergers, a drug approval application, and quarterly earnings of pharmaceutical companies and medical technology firms. Cupo was ordered to pay $72,471 in disgorgement and interest. Cupo was also prosecuted by the U.S. Attorney’s Office in New Jersey in a parallel criminal investigation (see Sanofi-Aventis instance, “U.S. v. Cupo (Insider Trading)”).
- Misconduct Type
- Securities
- Enforcement Agency
- SEC
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Judgment Against Defendant
- Date of Complaint
- 11/19/2012