Crime : Page 105

Nissan Korea fined $13,200 for doctoring emissions data

March 28, 2019 A Seoul court on Thursday levied a fine of 15 million won (US$13,200) on Nissan Korea, a local unit of Japanese automaker Nissan Motor, for falsifying emissions and gas mileage figures for some models sold in South Korea.

EC fines Nike €12.5 million for restricting cross-border sales of merchandising products

March 25, 2019 The European Commission has fined Nike €12.5 million for banning traders from selling licensed merchandise to other countries within the EEA.

Duke University pays $112m to settle faked research lawsuit

March 25, 2019 Duke University has agreed to pay the government $112.5 million to resolve allegations that it violated the False Claims Act.

Merrill Lynch to pay over $8 million for improper handling of ADRs

March 23, 2019 The Securities and Exchange Commission announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

U.S. says 2 South Korean firms to pay $127 million for bid rigging

March 21, 2019 South Korea-based companies Hyundai Oilbank and S-Oil Corporation have agreed to plead guilty to criminal charges and pay a total of approximately $75 million in criminal fines for their involvement in a bid-rigging conspiracy that targeted contracts to supply fuel to United States Army, Navy, Marine Corps, and Air Force bases in South Korea, the Department of Justice announced.

Commission fines Google €1.49 billion for abusive practices in online advertising

March 20, 2019 The European Commission has fined Google €1.49 billion for breaching EU antitrust rules.

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

March 20, 2019 The Office of the Comptroller of the Currency (OCC) assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act.

New York to pay $1 million, invest $2.975 billion in water quality

March 19, 2019 The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced that the United States filed suit under the federal Safe Drinking Water Act against the city of New York and the New York City Department of Environmental Protection for their longstanding failure to cover the Hillview Reservoir located in Yonkers, New York.

SEC charges VW, former CEO with defrauding bond investors during 'clean diesel' fraud

March 15, 2019 The Securities and Exchange Commission charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding U.S. investors, raising billions of dollars through the corporate bond and fixed income markets while making a series of deceptive claims about the environmental impact of the company\'s \"clean diesel\" fleet.

Six individuals and two companies charged in illegal dietary supplement scheme

March 14, 2019 Six people and two Florida corporations were charged in an indictment for their roles in a scheme to distribute illegal dietary supplements.

Federal Reserve Board permanently bars two former Goldman Sachs employees from banking

March 13, 2019 The Federal Reserve Board announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund.

Mizrahi Tefahot Bank to pay $195 million in U.S. tax evasion settlement

March 13, 2019 Mizrahi Tefahot Bank, Israel\'s third-largest bank, admitted to helping clients evade U.S. taxes and agreed to pay $195 million in a deal with the U.S. Justice Department.