POE Sends Letter to FBI & SEC Demanding Criminal Investigation of Koch Industries Under FCPA
October 3, 2011- In a blockbuster story broken today by Bloomberg, it has been revealed that Koch Industries has been flouting the Foreign Corrupt Practices Act, paying bribes to foreign officials to secure contracts in six countries since 2002.
Koch industries has also sold millions of dollars worth of petrochemical equipment to Iran. This was done through foreign susidairies in order to get around the US trade ban. Additionally they have , stolen oil from federal land and engaged in price fixing while violating environmental regulations and lying to about it to regulators.
POE has sent a letter to the FBI and SEC demanding an investifgation of these and other charges.