Crime : Page 104

Facebook fined for storing data of Russian users abroad

April 15, 2019 A Moscow magistrate court on Friday ordered Facebook company to pay 3,000 rubles (about $50) for keeping data of Russian users abroad, RAPSI reports from the courtroom.

General Electric to pay $1.5 billion penalty in mortgage-backed securities case

April 12, 2019 The Department of Justice announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC Mortgage (WMC), a GE subsidiary.

Facebook ordered to pay 30,000 euros in France over ‘abusive’ usage terms

April 11, 2019 A French court has ordered Facebook to pay 30,000 euros ($34,000) over “abusive” terms-of-use agreements that people had to accept in order to access their social media accounts, the consumer group which filed the lawsuit said Wednesday.

SEC charges former SeaWorld associate general counsel with insider trading

April 10, 2019 The Securities and Exchange Commission charged a former senior lawyer at SeaWorld Entertainment Inc. with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018.

Univar USA to pay U.S. $62.5 million to resolve antidumping duties allegations

April 9, 2019 Univar USA Inc. (Univar), a subsidiary of Univar Inc., of Downers Grove, Illinois, has agreed to pay the United States $62.5 million.

Standard Chartered to pay more than $1 billion for violation of Iranian sanctions

April 9, 2019 Standard Chartered Bank (SCB) has agreed to forfeiture of $240 million, a fine of $480 million, and to the amendment and extension of its deferred prosecution agreement (DPA) with the Justice Department for an additional two years for conspiring to violate the International Emergency Economic Powers Act (IEEPA).

Commission fines General Electric €52m for providing incorrect information in LM Wind takeover

April 8, 2019 The European Commission has fined General Electric €52 million for providing incorrect information during the Commission\'s investigation under the EU Merger Regulation of GE\'s planned acquisition of LM Wind.

Three pharmaceutical companies to pay over $122m to resolve allegations that they paid kickbacks

April 4, 2019 The Department of Justice announced that three pharmaceutical companies, Jazz Pharmaceuticals, Lundbeck, and Alexion Pharmaceuticals, have agreed to pay a total of $122.6 million.

SEC charges transportation company executives with accounting fraud

April 4, 2019 The Securities and Exchange Commission charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections.

Senior bankers in UK sentenced to 9 years for rigging EURIBOR rate

April 2, 2019 Carlo Palombo and Colin Bermingham were sentenced to a total of 9 years imprisonment at Southwark Crown Court for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis.

8 jailed after substandard subway cables found in Shaanxi

March 30, 2019 Eight people on Friday received jail terms ranging from seven years to life imprisonment for supplying substandard electric cables for subway construction in northwest China\'s Shaanxi Province.

Fresenius Medical Care to pay $231 million to resolve FCPA charges

March 29, 2019 Fresenius Medical Care AG & Co., a German-based provider of medical products and services, has agreed to pay approximately $231 million.