Business: A Bitter Payoff at ISC

After lavish bribes for big deals, SEC transit gloria

The skein of corruption reached across four continents and featured the bribery of top government officials or members of ruling families in seven countries, including Saudi Arabia, Iran, Chile and Nicaragua. These are the elements of a complaint by the Securities and Exchange Commission against Houston's International Systems & Controls Corp., which surged during the early 1970s by providing services and equipment to help Third World countries develop .their and agriculture.

In a federal civil Suit in Washington last week, the SEC accused ISC of...

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