Avon Products Reaches $135 Million Accord To Resolve Bribery Charges

Avon Products, Inc.’s China unit pleaded guilty Wednesday in connection with a bribery scheme and the firm agreed to pay $135 million to resolve related civil and criminal charges, in an announcement which likely will resonate among MLM watchers. The global beauty products manufacturer and seller pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act by bribing officials in China. Avon Products allegedly violated FCPA The Securities and Exchange Commission charged Avon Products for failing to put in place controls that could have detected and prevented payments made to Chinese government officials by employees and consultants at an…