Provo, Utah-based cosmetic maker Nu Skin Enterprises Inc. has agreed to pay $765,688 to settle a U.S. Securities and Exchange Commission investigation into a questionable charity donation the company made in China in violation of the Foreign Corrupt Practices Act.
In an order issued on Monday, the SEC ruled that Nu Skin has violated the FCPA by making a $154,000 donation to a newly formed charity in order to obtain the favor of a local government official who could influence a 2013 probe into the company by a Chinese regulator.
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