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Crime : Page 143

Founder of Insys Therapeutics arrested and charged with racketeering

October 27, 2017
The founder and majority owner of Insys Therapeutics was arrested and charged with leading a nationwide conspiracy to profit by using bribes and fraud to cause the illegal distribution of a Fentanyl spray intended for cancer patients experiencing breakthrough pain.

RBS to pay $44 million to settle U.S. charges it defrauded customers

October 26, 2017
Royal Bank of Scotland Group (RBS) agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. Department of Justice criminal probe of traders accused of defrauding customers on bond prices.

French Polynesian airline fined for carelessness

October 26, 2017
A French Polynesian airline has been fined $15,000 for carelessness after it failed to immediately attend to a technical issue with one of its planes.

Former global head of HSBC's forex cash-trading guilty of front-running scheme

October 24, 2017
The former head of global foreign exchange cash trading at HSBC Bank, a subsidiary of HSBC Holdings, was found guilty for his role in a scheme to defraud an HSBC client through a multimillion-dollar scheme commonly referred to as "front running."

PF Résolu Canada fined $100,000 for deposit of deleterious substance

October 23, 2017
The effective and strict enforcement of Canadian environmental and wildlife legislation is one way Environment and Climate Change Canada meets its commitments to maintain clean air and water and protect wildlife and their habitats.

Kemira pays $15 million to end hydrogen peroxide cartel suit

October 20, 2017
Kemira, formerly known as Finnish Chemicals, reached a settlement with CDC in the damage claim litigation in Dortmund related to hydrogen peroxide business in 1994-2000.

Electrolytic capacitor manufacturer indicted for price fixing

October 20, 2017
A federal grand jury returned an indictment against an electrolytic capacitor manufacturer for participating in a conspiracy to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere, the Department of Justice announced.

China punishes more than 1.5 million officials for corruption

October 20, 2017
China has punished more than one and a half million officials and investigated 440 senior officials over the last five years as a part of the government’s anti-corruption campaign, the Communist Party of China said.

Two plead guilty to $86 million pump and dump fraud scheme

October 18, 2017
A Merrick man who founded a Manhattan-based company, along with the CEO of another company, pleaded guilty to participating in an $86 million market manipulation.

Former Rio Tinto CEO Tom Albanese, ex-CFO Guy Elliott charged with fraud by SEC

October 18, 2017
The U.S. regulator has charged Rio Tinto and two of its former top executives with fraud for inflating the value of Mozambique coal assets acquired in 2011 for $3.7 billion ($4.65 billion) and sold a few years later for $50 million.

GE to make payments to U.S. government over delayed Baker Hughes divestiture

October 17, 2017
The Department of Justice announced that General Electric Co. (GE) has agreed to make incentive payments beginning in 2018 until GE completes the worldwide divestiture of its Water & Process Technologies business (GE Water).

Apple to pay $440m in FaceTime, iOS patent case

October 17, 2017
Apple has been ordered by a court to pay nearly $440 million to patent holding firm VirnetX over claims it infringed on four patented technologies used in the company's FaceTime and other iOS applications.
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