Two former business executives of a multi-level marketing subsidiary have been charged by the Department of Justice for bribing the Chinese government and then giving false sworn testimony to U.S. regulators in an attempted coverup, the Department of Justice announced on Nov. 14.
Chinese nationals Li Yanliang and Yang Hongwei, known as Jerry Li and Mary Yang respectively, both faced one count of conspiracy charges for violating the Foreign Corrupt Practices Act. The bill, established in 1977, prohibits U.S. firms and individuals from paying bribes to foreign officials in order to facilitate a business deal, regardless of the value offered.
