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Internal auditor was paid off to keep silent, according to suit.
March 22, 2012
By: TOM BRANNA
Editor
What did Charles Cramb know and when did he know it? An amended lawsuit filed by shareholders of Avon Products alleges a former head of internal audit threatened to provide securities regulators with evidence of bribery at the cosmetics seller, but then extracted a larger severance package in 2006 in exchange for his silence. The former global internal audit director, Fabian LaPresa, threatened to turn over to the U.S. Securities and Exchange Commission a draft internal report prepared by an ...
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