Reported about 2 months ago
Two Wisconsin companies, Precision Cable Assemblies Inc. and Global Engineered Products, paid over $10 million to resolve allegations of submitting fraudulent invoices to lower import duties on goods from China. From 2016 to 2021, the companies allegedly altered spreadsheets that undervalued imported products by approximately 70%, which allowed them to evade duties, especially after additional tariffs were imposed in 2018. The case was highlighted by a whistleblower, resulting in a significant settlement to enforce compliance with customs regulations.
Source: YAHOO