Crime : Page 11

Direct Line to pay £30 million in compensation after overcharging customers

September 1, 2023 Direct Line is to pay out around £30 million in compensation to car and home insurance customers.

SEC charges 3M with foreign corrupt practices act violations relating to China subsidiary

August 30, 2023 The Securities and Exchange Commission announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA).

3M says its earplugs are safe but will pay $6 billion in settlement

August 30, 2023 3M announced that it has reached an agreement with the court appointed negotiating plaintiffs\' counsel to resolve the Combat Arms Earplug litigation against Aearo Technologies and 3M.

Goldman Sachs to pay $5.5mln to settle US CFTC charges over recording keeping

August 30, 2023 The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against Goldman Sachs.

Wells Fargo settles with SEC for charging excessive advisory fees

August 28, 2023 The Securities and Exchange Commission charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC for overcharging more than 10,900 investment advisory accounts more than $26.8 million in advisory fees.

Former New Zealand prime minister Shipley ordered to pay $3.9 million after company collapse

August 25, 2023 Former New Zealand Prime Minister Jenny Shipley has been ordered by the country’s highest court to pay NZ$6.6 million ($3.9 million) plus interest as compensation for her role in the collapse of a construction company, a judgement released Friday said.

Ofgem fines Morgan Stanley over £5.4m for failure to record and retain electronic trading communications

August 24, 2023 Ofgem has levied a fine of £5.41m on Morgan Stanley for not recording and retaining electronic communications between January 2018 and March 2020.

Experian to pay $650K fine for spamming people

August 23, 2023 Experian Consumer Services (ESC), part of consumer credit rating agency Experian, has agreed to pay a $650,000 fine to the Federal Trade Commission (FTC) for spamming consumers with marketing emails that did not include a way to opt out, as required by law.

Teva and Glenmark to pay over quarter of a billion dollars to resolve price fixing charges

August 23, 2023 The Justice Department announced deferred prosecution agreements resolving criminal antitrust charges against Teva Pharmaceuticals USA and Glenmark Pharmaceuticals USA.

Zeaborn to pay $2 million for marine environmental crimes

August 23, 2023 Ocean vessel operating company Zeaborn Ship Management Singapore pleaded guilty to maintaining false and incomplete records relating to the discharge of oily bilge water and garbage on board the vessel Star Maia.

South Korea fines mobile carriers $25 mln for exaggerating 5G speeds

August 17, 2023 South Korea\'s antitrust regulator said it had imposed a total of 33.6 billion won ($25.06 million) in fines on three domestic mobile carriers for exaggerating their 5G network speeds.

$6.47 million penalty for Dell Australia for misleading consumers

August 16, 2023 On 14 August, the Federal Court ordered that Dell Australia pay AU$10 million ($6.47 million) for making false and misleading representations on its website about discount prices for add-on computer monitors.