From the most excellent Sox First blog comes news that PwC and IBM say that claims they used bribes to win government contracts is just STUPID! FOOLISH! PREPOSTEROUS! And they completely deny the basis of the allegations!

But they have agreed to pay $5.2 million to make those untrue, ridiculous allegations go away. And they also want you to know that Michael Jackson didn’t touch little boys either. Oh and the Iraq invasion has NOTHING to do with oil.

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PricewaterhouseCoopers and IBM have settled allegations that the companies were involved in graft over government contracts.

According to the Department of Justice press release, the firms had agreed to pay $5.2 million to settle the allegations. IBM has agreed to pay close to $3 million and PricewaterhouseCoopers just over $2.3 million. Not good news for Accenture, Hewlett-Packard, and Sun Microsystems because allegations have been made against those companies, according to the release.
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