Bioelectronics Corp (BIEL)

[Simpsonly]

Hey Michel - I gave you a link to what happens in the case of bribery within the Executive Branch.

Here's is a better one on what happens if you are a drug company employee and are caught trying to bribe an FDA employee - you risk lifetime debarment from ever working for a drug company! In addition to the possible felony aspects of the crime. And this can apply not only to employees of a drug company but the company itself. The link provides info that it is commonly VP's of QC or Dir's of R&D who get nailed for such things, but imagine you are the CEO of a drug company and an officer of your company is contemplating a bribe of an FDA employee. The link also provides info on generic situations. So, I maintain my opinion, J&J, GSK, Pfizer and the other large pharma branded firms or generic firms? Extremely unlikely!


http://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm

And, lifetime debarment can be enacted, not just for bribery, which is a very serious crime, not just for the recipient, but also for the giver, but for what might be considered as a relatively small issue as lying to the FDA, no bribe, simply lying! As a point of interest, there has never been a case of a reversal of a debarment. Serious stuff and to me not worth the risks associated with the crime. Would you take a bribe for a million bucks? 10 million? That stupidity is not worth the associated risks. Never mind the high integrity of FDA staff and management who would be stupid on a colossal magnitude to even consider taking a bribe. Oh, and almost forgot, I'm not a criminal attorney, but I assume it is also criminal to be involved in an attempted bribe or conspiracy to bribe, etc., etc.