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
File Number 3-19905
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:    

Related Documents:

34-89489 06-Aug-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 6, 2020, the SEC instituted settled cease-and-desist proceedings against World Acceptance Corporation. The SEC stated: "This matter concerns violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by World Acceptance Corporation, a consumer loan company headquartered in Greenville, South Carolina."