POST Online Media Lite Edition



 

Crime : Page 113

Societe Generale paying $1.3bn in fines over 'trading with the enemy'

November 20, 2018
Société Générale will pay 340 million dollars to several US entities for the alleged violation of sanctions imposed by the US Government on Cuba, Iran, Sudan and Libya.

Suspended sentence upheld for former RBS vice-president in Russia

November 17, 2018
The Moscow Regional Court has upheld a 4-year suspended sentence given to the former vice-president and ex-chief of security of the Royal Bank of Scotland\'s (RBS) Russian subsidiary Vsevolod Glukhovtsev for attempted fraud, lawyer Sergey Kardashev has told RAPSI.

SAS fined for violating rules protecting air travelers with disabilities

November 17, 2018
The U.S. Department of Transportation (DOT) fined Scandinavian Airline System (SAS) $200,000 for violating federal law and the Department’s rule protecting air travelers with disabilities, and ordered it to cease and desist from future similar violations.

EE and Virgin Media fined for overcharging customers

November 16, 2018
Ofcom has fined EE and Virgin Media a combined total of £13.3m for overcharging phone and broadband customers who wished to leave their contracts early.

Three South Korean firms in settlements for rigging bids on Department of Defense supply contracts

November 15, 2018
South Korea-based companies SK Energy Co. Ltd., GS Caltex Corporation, and Hanjin Transportation Co. Ltd. have agreed to plead guilty to criminal charges and pay a total of approximately $82 million in criminal fines for their involvement in a decade-long 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.

SEC settles insider trading claims against former chairman and CEO of Advanced Medical Optics

November 15, 2018
The Securities and Exchange Commission (SEC) announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former chairman and chief executive officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company\'s acquisition to his close personal friend, former professional baseball player Douglas V. DeCinces.

Police in Vietnam arrest MobiFone’s deputy general director and former general director

November 14, 2018
On Wednesday morning, the Ministry of Public Security in Vietnam arrested Cao Duy Hải, former general director of the State-owned MobiFone Telecommunications Corporation, the third largest telecom firm in Vietnam, and Phạm Thị Phương Anh, deputy general director of the company.

Booyoung chief gets 5-year prison for embezzlement and breach of trust

November 14, 2018
A Seoul court on Tuesday sentenced the chief of a local construction and real estate business group to five years in prison for embezzlement and breach of trust.

Justice Department requires 6 TV companies to refrain from sharing of sensitive information

November 14, 2018
The Department of Justice announced that it has reached a settlement with six broadcast television companies — Sinclair Broadcast Group Inc.; Raycom Media Inc.; Tribune Media Company; Meredith Corporation; Griffin Communications; and Dreamcatcher Broadcasting LLC — to resolve a Department lawsuit alleging that the companies engaged in unlawful agreements to share non-public competitively sensitive information with their broadcast television competitors.

British Airways and Iberia Airlines to pay $5.8 million to settle False Claims Act allegations

November 14, 2018
The Justice Department announced that British Airways Plc (BA) and Iberia Airlines (Iberia) have agreed to pay $5.8 million to resolve their liability under the False Claims Act for falsely reporting the times they transferred possession of United States mail to foreign postal administrations or other intended recipients under contracts with the United States Postal Service (USPS).

Bourne supremacy ends: CFTC charges him with fraudulently mismarking swaps

November 10, 2018
The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses.

CFTC orders Commerzbank to pay $12 million for swap dealing violations

November 10, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Commerzbank for numerous violations of the Commodity Exchange Act (CEA) and CFTC Regulations.
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