Crime : Page 13

3 years in prison for man for leaking Samsung's edge panel technology to China

July 14, 2023 The top court finalized a three-year prison term for a former head of a mid-size technology firm Thursday for leaking Samsung Display’s edge panel technology to Chinese companies in 2018.

Dollar General continues to endanger workers, Department of Labor finds

July 14, 2023 Federal workplace safety inspections at two Tampa Dollar General stores found the company again exposing employees to fire hazards and other unsafe conditions, continuing the long history of disregard for worker safety by one of the nation’s largest discount retailers.

FTC reaches settlement with crypto platform Celsius Network

July 14, 2023 The Federal Trade Commission announced a settlement with bankrupt cryptocurrency platform Celsius Network that will permanently ban it from handling consumers’ assets and charged three former executives with tricking consumers into transferring cryptocurrency onto the platform by falsely promising that deposits would be safe and always available.

U.S. judge approves Allianz's $6 billion settlement

July 14, 2023 A U.S. judge on Wednesday approved Allianz\'s $6 billion settlement over the 2020 collapse of a group of investment funds, ending a scandal that took down one of the German company\'s U.S. subsidiaries.

Commission fines Illumina and GRAIL for implementing their acquisition without prior merger control approval

July 13, 2023 The European Commission has fined Illumina and GRAIL approximately €432 million and €1,000 respectively, for implementing their proposed merger before approval by the Commission, in breach of EU merger control rules.

SEC charges Merrill Lynch and parent company for failing to file suspicious activity reports

July 12, 2023 The Securities and Exchange Commission announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent company BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to late 2019.

Sweden: Four companies must stop using Google Analytics to protect privacy

July 6, 2023 The Swedish Authority for Privacy Protection (IMY) has audited how four companies use Google Analytics for web statistics.

Two Delaware companies to pay nearly $146 million for misappropriation and fraud related to precious metals scheme

July 5, 2023 The Commodity Futures Trading Commission announced that Judge Richard G. Andrews of the U.S. District Court for the District of Delaware entered a consent order against Argent Asset Group and First State Depository Company on June 20.

$6 million in Volkswagen settlement funds to expand electric vehicle charging stations in Connecticut

June 30, 2023 Governor Ned Lamont announced that his administration is releasing more than $6 million from the legal settlement in the Volkswagen Corporation (VW) emissions cheating scandal to fund 54 electric vehicle supply equipment (EVSE) projects across Connecticut.

Publishers Clearing House to pay $18.5 million settlement for deceptive sweepstakes practices

June 29, 2023 FTC takes action against Publishers Clearing House for misleading consumers about sweepstakes entries.

Solvay reaches nearly $393 million PFAS settlement with New Jersey

June 29, 2023 The U.S. branch of Belgian chemicals company Solvay has struck a nearly $393-million deal with the New Jersey Department of Environmental Protection (NJDEP) to settle some claims linked to drinking water pollution caused by one of its plants, Solvay announced on Wednesday.

SEC charges investment fund founder William K. Ichioka with $25 million offering fraud

June 27, 2023 The Securities and Exchange Commission charged William K. Ichioka, of New York, New York, with fraudulently raising $25 million from individual investors primarily in California and Oregon.