Two brokers have been charged in New York, accused of paying kickbacks to a foreign official, who also has been charged, to obtain the securities-investment business of Venezuela's development bank. The Securities and Exchange Commission was alerted to the matter because of so-called round-trip trading of bonds by the Venezuelan bank, considered a red flag for fraud. The brokers are charged with violating the Foreign Corrupt Practices Act, which the Justice Department is increasingly using to pursue individuals bribing foreign officials.

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