Smith & Wesson hit for overseas bribes

[Kirk Freeman]

Pakistan and Indonesia are very large countries and it takes money in envelopes to open doors and schedule meetings in both places.

 

[TTravis]

So the SEC has authority over what a US based company does outside the US???

 

[BrentC]

Read this: Sell-Out Worse Than Originally Reported

The current status is different than what S&W agreed to back in the 90's but the damage was done. I would never buy a Smith & Wesson product ever again and neither would anyone else who truly champions their 2A right. A proud past but no honorable future.

If they were still owned by the British Company that basically forced S&W into that deal I would agree with you but since they have been spun off and new management has more than once denounced the arrangement, I think and pro 2'er should be able to buy with a clear conscious now.

 

[Vigilant]

Anyone who thinks that any country that operates overseas isn't "paying tribute" is a fool! It IS the way of the world, some are just smarter than others at the game! Hell, our government does it in every country in the world, but it's ok for them?

 

[Slawburger]

So the SEC has authority over what a US based company does outside the US???

Foreign Corrupt Practices Act of 1977
USDOJ: CRM: FRAUD: Foreign Corrupt Practices Act (FCPA)

 

[LarryC]

While I do not own any S&W products (still ticked off by their agreements with government anti 2A proposals) I wonder at the duplicity of the government actions. They give or withhold aid (BRIBES) to many countries to get them to do things our way. By the way any "Government fine" is eventually paid by the consumer (US) as the loss to the company just requires them to raise their prices to stay in business. NO PART OF THESE FINES ever is doled out to the persons or companies that sustained losses due to company "misconduct"!

 

[Kirk Freeman]

So the SEC has authority over what a US based company does outside the US???

You must rent Syriana over the weekend.

The combined smugness of Damon and Clooney can cure cancer, but Amanda Peet is nice to look at.

 

[TTravis]

Will do..... Thanks Kirk.

You must rent Syriana over the weekend.

The combined smugness of Damon and Clooney can cure cancer, but Amanda Peet is nice to look at.

 

[Robjps]

If they were still owned by the British Company that basically forced S&W into that deal I would agree with you but since they have been spun off and new management has more than once denounced the arrangement, I think and pro 2'er should be able to buy with a clear conscious now.

Yet they still make them with a Hillary hole.

 

[Redhorse]

Wow, they give police forces some guns and now they're "bribing forgein governments." It seems to me these police agencies would at least want to test these new weapons before buying a million dollars worth of them.

 

[richardraw316]

I'm confused. Didn't Glock do the same thing with all the police agencies here in the United states? The idea of giving away guns has made them billions in sales as a result. I thought it was just called business.

 

[Thor]

Corruption in foreign countries...who'd have thought it? Too bad they can't all be law abiding like us...oh, wait...

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[chipsher]

Sounds like more anti-gun crap. Someone trying a smear a gun manufacturer. This stuff goes on in all big business one way or another.