SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament
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The SEC has charged BIT Mining Ltd. with violations of the Foreign Corrupt Practices Act (FCPA) due to a bribery scheme aimed at influencing members of the Japanese Parliament.
November 18, 2024 | 9:30 pm
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BIT Mining Ltd. has been charged by the SEC for FCPA violations related to a bribery scheme targeting Japanese Parliament members.
The SEC's charges against BIT Mining Ltd. for FCPA violations are likely to negatively impact the company's stock price in the short term due to potential legal and regulatory repercussions. Investors may react to the increased risk and uncertainty surrounding the company's operations.
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