Crime : Page 136

Chinese company Sinovel Wind Group convicted of theft of trade secrets

January 25, 2018 A manufacturer and exporter of wind turbines based in the People’s Republic of China was convicted today of stealing trade secrets from AMSC, a U.S.-based company formerly known as American Superconductor.

Europe fines Qualcomm €997 million for abuse of dominant market position

January 24, 2018 The European Commission (EC) has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets.

U.S. says audit watchdog staff helped KPMG pass audit inspections

January 23, 2018 The Securities and Exchange Commission (SEC) announced charges against six certified public accountants arising from their participation in a scheme to misappropriate and use confidential information relating to the PCAOB\'s planned inspections of KPMG.

Vietnam oil exec 'kidnapped' from Germany jailed for life

January 22, 2018 A Vietnamese former state oil executive who was allegedly kidnapped from Germany was on Monday jailed for life for embezzlement, in the highest-profile corruption trial to target the Communist country\'s business and political elite.

North Bergen Beverage to pay $550,000 for violating Bottle Bill

January 19, 2018 Governor Andrew M. Cuomo and Attorney General Eric T. Schneiderman announced that the state has settled a lawsuit against New Jersey-based company, North Bergen Beverage, for repeated violations of New York\'s Returnable Container Act, otherwise known as the Bottle Bill.

HSBC Holdings to pay more than $100 million to resolve fraud charges

January 19, 2018 United Kingdom-based global financial services company HSBC Holdings (HSBC) entered into a deferred prosecution agreement (DPA) and agreed to pay a $63.1 million criminal penalty and $38.4 million in disgorgement and restitution.

$29m penalty against U.S. operations of Mega International Commercial Bank

January 18, 2018 The Federal Reserve Board announced a $29 million penalty against the U.S. operations of Mega International Commercial Bank Co., Ltd., of Taipei, Taiwan, for anti-money laundering violations and required the firm to improve its anti-money laundering oversight and controls.

Italy regulator fines online travel agents for unfair practices

January 18, 2018 Italy\'s Antitrust Authority has fined six online travel agencies more than 4 million euros for unfair practices and violating consumer rights, the Italian regulator said in a statement.

Bassett Mirror Company to pay $10.5 million to settle False Claims Act

January 17, 2018 Virginia-based home furnishings company, Bassett Mirror Company, has agreed to pay the United States $10.5 million.

Siemens fined $5.8 million in South Korea for hurting aftermarket competition

January 17, 2018 South Korea\'s corporate watchdog slapped a 6.2 billion won ($5.8 million) fine on German industrial giant Siemens\'s Korean affiliates for abusing their dominance in the local aftermarket for medical equipment, such as CT and MRI.

Former head of Barclays New York forex indicted in front-running scheme

January 17, 2018 The former head of Barclays Capital’s New York foreign exchange trading operation was charged in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”

Airbus fined $128 million over Taiwan missile affair

January 14, 2018 Airbus said it had been fined €104 million ($128 million) for a dispute dating from 1992 over missile sales to Taiwan by the Matra group, which was later acquired by the aerospace giant.