Crime : Page 129

Cybercrime website behind 4 million attacks taken down

April 27, 2018 A website linked to more than four million cyber attacks across the globe, including attacks targeting some of the UK’s biggest banks, has been shut down following an investigation led by the National Crime Agency (NCA) and the Dutch National Police, in collaboration with international law enforcement partners.

Court orders Ford Australia to pay $10m for unconscionable conduct

April 27, 2018 The Federal Court has declared, by consent, that Ford Motor Company of Australia Limited (Ford) engaged in unconscionable conduct in the way it dealt with complaints about PowerShift transmission (PST) cars, and ordered Ford to pay $10 million in penalties.

Former head of HSBC’s global forex cash sentenced to prison

April 27, 2018 The former head of global foreign exchange cash trading at HSBC Bank, a subsidiary of HSBC Holdings, was sentenced to prison today for his role defrauding an HSBC client through a scheme commonly referred to as “front running.”

New Zealand companies fined $400k for misleading customers about steel

April 26, 2018 A judge says two companies created a fake certificate to provide false assurance to customers about the seismic steel mesh they were selling.

Altaba, ex Yahoo!, to pay $35 million for cybersecurity breach

April 24, 2018 The Securities and Exchange Commission (SEC) announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts.

EC fines Altice €125 million for breaching rules before obtaining merger approval

April 24, 2018 The European Commission has imposed a €124.5 million fine on Altice, the multinational cable and telecommunications company based in the Netherlands, for implementing its acquisition of the Portuguese telecommunications operator PT Portugal before notification or approval by the Commission.

Wells Fargo fined $1 billion for car, home loan abuses

April 21, 2018 Wells Fargo agreed to pay $1 billion to settle federal claims of misconduct in its auto-lending and mortgage businesses.

Regulators fine Barclays boss Jes Staley over whistleblower incident

April 20, 2018 UK regulators will slap Barclays boss Jes Staley with a fine for attempting to uncover a whistleblower back in 2016.

SFO opens criminal investigation into Ultra Electronics' Algeria business

April 19, 2018 The UK\'s Serious Fraud Office has opened a criminal investigation into suspected corruption in the conduct of Ultra Electronics\' business in Algeria.

FCC reaches $40 million settlement with T-Mobile USA on rural calling

April 18, 2018 The Federal Communications Commission (FCC) reached a settlement concluding its investigation into whether T-Mobile USA violated the Communications Act.

BP owner in New Zealand fined $250k for keeping workers in conditions 'verging on slavery'

April 16, 2018 The owner of a BP service station in Hastings, New Zealand is more than $250,000 out of pocket after not paying two staff members the minimum wage or holiday pay, and forcing them to sleep on the floor.

Allegiant Air and Hawaiian Airlines fined for violating consumer protection rules

April 15, 2018 The U.S. Department of Transportation (DOT) fined Allegiant Air $250,000 and Hawaiian Airlines $125,000 for violating the Department’s airline consumer protections rules.