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Crime : Page 128

Australia's Commonwealth Bank to pay fine for rate-rigging

May 9, 2018
Commonwealth Bank (CBA) announces it has reached an in-principle agreement with the Australian Securities and Investments Commission (ASIC) to settle the legal proceedings in relation to claims of manipulation of the Bank Bill Swap Rate (BBSW).

New Bedford fishing firms, manager, and captain to pay over $400,000 in penalties

May 8, 2018
Challenge Fisheries LLC, Quinn Fisheries Inc., Charles Quinn II, and Charles Quinn III have agreed to pay a total of $414,000 in civil penalties and to perform fleet-wide improvements and other compliance assurance measures.

Bundeskartellamt imposes 13.2m euros fines on potato and onion packaging companies

May 5, 2018
The Bundeskartellamt has imposed fines totalling 13.2 million euros on two potato and onion packaging companies for fixing prices in their supplies to the Metro group.

Wells Fargo to pay $480 million to settle lawsuit

May 5, 2018
Wells Fargo & Company announced that it has reached an agreement in principle to resolve a consolidated securities fraud class action in the United States District Court for the Northern District of California alleging certain misstatements and omissions in the Company’s disclosures related to sales practices matters.

Volkswagen's Winterkorn charged with conspiracy and wire fraud in diesel emissions scandal

May 4, 2018
An indictment was unsealed earlier charging Martin Winterkorn, the former chairman of the management board of Volkswagen AG (VW), with conspiracy and wire fraud in connection with VW’s long-running scheme to cheat U.S. diesel vehicle emissions requirements.

False Claims Act settlement will yield $11m for bullet-proof vests for law enforcement

May 3, 2018
Attorney General Jeff Sessions announced that the Department of Justice will return over $11 million from a settlement with Toyobo and Toyobo America that produced the fiber used in bulletproof vests that the Department alleged were defective.

Fed fines Goldman Sachs $54.75 million for unsafe forex practices

May 2, 2018
The Federal Reserve Board announced that it has fined The Goldman Sachs Group $54.75 million for the firm\'s unsafe and unsound practices in its foreign exchange (FX) trading business.

Panasonic charged with FCPA and accounting fraud violations

May 1, 2018
The Securities and Exchange Commission (SEC) announced that Japan-based Panasonic will pay more than $143 million to resolve charges of Foreign Corrupt Practices Act (FCPA) and accounting fraud violations involving its global avionics business.

Rio Tinto Alcan fined $100,000 for violating Fisheries Act

May 1, 2018
On April 24, 2018, Rio Tinto Alcan pleaded guilty, in the Court of Quebec in Saguenay, to violating the Fisheries Act and the company was fined $100,000.

Five Oriental Bank officials get 68 years in jail for corruption

April 28, 2018
A Dhaka court has handed down 68 years of prison terms to five former officials of the defunct Oriental Bank in four separate cases of financial embezzlement.

Smithfield Foods to pay $50 million because hog farm smells bad

April 27, 2018
A federal jury awarded more than $50 million in damages to neighbors of an industrial hog operation found responsible for intense smells, noise and other disturbances so bad people couldn\'t enjoy their rural homes.

Telstra to pay $10 million for misleading premium billing charge representations

April 27, 2018
The Federal Court in Autrali has ordered Telstra to pay penalties of $10 million for making false or misleading representations to customers in relation to its third-party billing service known as “Premium Direct Billing” (PDB), following action by the ACCC.
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