According to the Securities and Exchange Commission (SEC), while trying to lock down deals with certain governments, Smith & Wesson bribed or attempted to bribe foreign officials through personal gifts of cash and weapons. Apparently, the company earned more than $100,000 as a result of the bribes, and will be forfeiting related profits, interest on the profits, and a $1.9 million penalty for violating the Foreign Corrupt Practices Act (FCPA).
As part of the deal reached with the U.S. government, Smith & Wesson will have to report their FCPA compliance efforts to the SEC for two years. They have not admitted or denied guilt, but have fired their entire international sales staff as a result of the allegations.
Despite the importance of the midterm elections this year, it seems like huge numbers of voters don’t plan on getting out and voting, and Democrats stand to possibly lose the Senate and to lose more seats in the House. That would be devastating for causes like raising the minimum wage, reforming financial laws to fight back against economic inequality, stopping the Republican war on women, immigration, and keeping social programs intact. For the first time except for minor fundraisers, Michelle Obama has taken action to galvanize Democratic donors and voters into participating in the 2014 election cycle.
Launching a new site in cooperation with the Democratic Congressional Campaign Committee (DCCC), called 1 million votes for 2014, the First Lady is trying to get one million people to commit to voting in 2014. You can sign up at the website, linked above, to participate. She also released a video along with the site, saying, “Everywhere I go, I talk to people like you about the issues they care about. Issues like equal pay for women, immigration reform, raising the minimum wage, and ensuring that women can make their own decision about their bodies and their healthcare.”