Comverse to Pay $2.8 Million to Settle Bribery Allegations
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Comverse Technology Inc., a maker of voice-mail software, agreed to pay a total of $2.8 million in settlements for violations of the Foreign Corrupt Practices Act.
The company, based in New York, settled with the U.S. Securities and Exchange Commission for $1.6 million and with the U.S. Justice Department for $1.2 million, according to separate statements by the government.