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Crime : Page 103

Apple failed sapphire glass supplier charged with fraud

May 3, 2019
The Securities and Exchange Commission charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones.

Insys founder convicted of bribing doctors to push addictive fentanyl spray

May 3, 2019
A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance.

French regulator fines Iliad and chairman Lombardini

April 30, 2019
France\'s AMF stock market regulator said it had fined telecoms group Iliad and Iliad\'s chairman, Maxime Lombardini, for incorrect financial communication regarding certain deals in 2014.

Astellas Pharma and Amgen to pay US$125 million in US charity kickback probe

April 26, 2019
Two drug makers will pay nearly US$125 million to settle claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their medications, the US Justice Department said on Thursday.

Zurich to pay $5.1 million penalty to US

April 25, 2019
Zurich Life Insurance Company, headquartered in Zurich, Switzerland, and Zurich International Life Limited, headquartered in the Isle of Man reached a resolution with the United States Department of Justice yesterday, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Department of Justice’s Tax Division.

Morgan Stanley to pay $150 million to settle California mortgage securities charges

April 25, 2019
Attorney General Xavier Becerra announced a $150 million settlement with Morgan Stanley for misleading investors including California’s teachers and public employees.

Former GE engineer and Chinese businessman charged with economic espionage

April 24, 2019
An indictment unsealed charges Xiaoqing Zheng, 56, of Niskayuna, New York, and Zhaoxi Zhang, 47, of Liaoning Province, China, with economic espionage and conspiring.

Company supplied NASA with fake materials for 20 years

April 24, 2019
An Oregon aluminum extrusion manufacturer has agreed to pay $46 million to NASA, the Department of Defense, and others to resolve criminal charges and civil claims relating to a 19-year fraud scheme that included falsifying thousands of certifications for aluminum extrusions provided to hundreds of customers.

China securities regulator imposes record $1.59 billion fines in 2018

April 22, 2019
China\'s securities watchdog toughened punishment on illegal market activities last year amid strengthened supervision, with total fines and administrative penalties reaching a three-year high.

US reaches settlement with Honeywell International Inc. and International Paper

April 19, 2019
The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced a settlement with Honeywell International Inc., and International Paper Co., for cleanup of contaminated soils and sediments at the LCP-Holtrachem plant in Riegelwood, Columbus County, North Carolina.

CVS fined $535,000 for filling fake opioid prescriptions in Rhode Island

April 16, 2019
CVS Pharmacy has agreed to pay $535,000 for filling forged prescriptions for opioids at multiple stores across Rhode Island.

UniCredit to pay over $1.3 billion for violating sanctions

April 15, 2019
UniCredit Bank AG, a financial institution headquartered in Munich, operating under the name HypoVereinsbank, and part of the UniCredit Group has agreed to enter a guilty plea.
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