Crime : Page 112

China fines six banks $22.76 million over wealth management violations

December 10, 2018 China\'s banking and insurance regulator recently fined commercial banks over multiple violations including improper practices in wealth management.

Facebook fined 10 million euros in Italy for unfair use of subscribers' data

December 8, 2018 The Italian Competition Authority (ICA) has fined Facebook with two penalties worth 10 million euros (11.3 million U.S. dollars) overall for improper use of its subscribers\' personal data.

Seednet to pay $1m penalty for misleading barley performance claims

December 7, 2018 The Federal Court in Australia has ordered Landmark Operations Limited (trading as Seednet) to pay a $1 million penalty for making false, misleading and deceptive claims in a fact sheet for its barley variety known as ‘Compass’.

$200,000 penalty imposed for misleading claims about farmgate milk price

December 7, 2018 The Federal Court in Australia has ordered former Murray Goulburn Co-operative Managing Director Gary Helou to pay $200,000 in penalties for being knowingly concerned in Murray Goulburn’s false or misleading claims about the farmgate milk price it expected to pay dairy farmers during the 2015-16 milk season.

Actelion to pay $360 million to resolve False Claims Act liability

December 7, 2018 Pharmaceutical company Actelion Pharmaceuticals US, based in South San Francisco, California, has agreed to pay $360 million to resolve claims that it illegally used a foundation as a conduit to pay the copays of thousands of Medicare patients taking Actelion’s pulmonary arterial hypertension drugs, in violation of the False Claims Act, the Justice Department announced.

ev3 to plead guilty and pay $17.9 million for distributing adulterated device

December 5, 2018 Minnesota-based medical device manufacturer ev3 Inc. has agreed to plead guilty to charges related to its neurovascular medical device, Onyx Liquid Embolic System, and pay $17.9 million, the Department of Justice announced.

Brazil's CCR to pay $21 million to settle civil case

November 30, 2018 Brazil’s CCR SA agreed to pay 81.53 million reais ($21.20 million) to settle a Sao Paulo state civil lawsuit alleging the company and some of its units were involved in a graft scheme, the toll operator said on Thursday.

9 convicted in £16m and $21m FH Bertling bribery cases

November 29, 2018 Stephen Emler and Giuseppe Morreale pleaded guilty for their part in a corrupt scheme to secure a ConocoPhillips freight forwarding contract, eventually worth over £16m, for FH Bertling as part of the ‘Jasmine’ North Sea oil exploration project, it can now be reported.

CFPB fines Santander Consumer for auto add-on product

November 28, 2018 The Bureau of Consumer Financial Protection (Bureau) announced a settlement with Santander Consumer USA Inc., a consumer financial services company based in Dallas, Texas.

Korea fines Goldman Sachs' unit $6.7 million for naked short selling

November 28, 2018 South Korea’s financial regulator said on Wednesday it has imposed a 7.5 billion won ($6.66 million) fine on Goldman Sachs Group’s subsidiary Goldman Sachs International for violating short-selling rules.

Two Greek shipping companies plead guilty to discharging oil into Texas waters

November 28, 2018 Two Greek shipping companies, Avin International LTD, and Nicos I.V. Special Maritime Enterprises, pleaded guilty yesterday in federal court in Beaumont, Texas, to charges stemming from several discharges of oil into the waters of Texas ports by the oil tanker MT Nicos I.V., announced Assistant Attorney General Jeffrey Bossert Clark for the Justice Department’s Environment and Natural Resources Division and United States Attorney Joseph D. Brown for the Eastern District of Texas.

Water company to pay record £975,000 fine after sewage spills on Dorset coast

November 25, 2018 Wessex Water has offered to pay £975,000 to achieve equivalent environmental benefits following a series of sewage spills in Swanage Bay, Dorset.