Defendant Name:
World Acceptance Corporation
Defendant Type:
Public Company
Document Reference:
2020-177
Document Details
Legal Case Name
In the Matter of World Acceptance Corporation
Document Name
SEC Charges Consumer Loan Company with FCPA Violations
Document Date
06-Aug-2020
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC stated that: "World Acceptance Corporation, a South Carolina-based consumer loan company, has agreed to pay $21.7 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Disgorgement
Individual:
$17,826,000.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,900,000.00
Shared:
Total Penalty
Individual:
$21,700,000.00
Shared: