POST Online Media Lite Edition



 

Crime : Page 154

Iberia airline fined for insisting new employees take pregnancy tests

July 11, 2017
Spanish airline Iberia said it will stop asking new employees to take pregnancy tests after it was slapped with a fine of €25,000 ($29,000) for discrimination.

Wells Fargo to pay $142M in class-action settlement of fake accounts

July 11, 2017
A federal judge has approved a plan for Wells Fargo & Co. to pay $142 million in a class action suit involving customers of fake accounts.

Ontario court fines Creation Foods for kosher food violation

July 7, 2017
In the first provincial court case prosecuted in Canada for misrepresentation of a kosher food product, Creation Foods Co. of Woodbridge, has been fined $25,000.

Former Audi manager charged in connection with conspiracy to cheat U.S. emissions tests

July 7, 2017
A former Audi manager has been charged via criminal complaint for his role in the long-running conspiracy to defraud U.S. regulators and customers by implementing software specifically designed to cheat U.S. emissions tests in thousands of Audi “clean diesel” vehicles.

EU court to Toshiba: Yes, you were in cartel, pay €61 million

July 6, 2017
The EU's top court dismissed an appeal by the Japanese electronics giant Toshiba, upholding a fine of more than €61 million imposed by the European Commission for participating in a cartel.

Watchdog finds 3,500 violations at Bashneft refinery

July 6, 2017
The Russian technical watchdog has discovered about 3,500 violations at a refinery of oil company Bashneft that will require up to 45 billion rubles to eliminate, Rustem Khamitov, head of the republic of Bashkortostan, said at a local government meeting.

SEC charges Quadrant 4 System with accounting fraud, company goes bankrupt

July 1, 2017
The Securities and Exchange Commission has charged Chicago-area information technology company Quadrant 4 System Corp. (QFOR) and two former top executives in an accounting fraud scheme that misled investors and allowed the former executives to siphon millions from the firm for their personal benefit.

$8.2 million settlement with three U.S. companies for natural resource damages

June 30, 2017
The U.S. and the States of Minnesota and Wisconsin announced an $8.2 million settlement with XIK, Honeywell International, and Domtar to resolve a claim for natural resource damages.

SEC charges oil and gas company and top executives with accounting fraud

June 29, 2017
The Securities and Exchange Commission (SEC) charged a Canadian-based oil and gas company and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud.

Fed fines BNY Mellon $3 million for unsafe and unsound practices

June 28, 2017
The Federal Reserve Board announced a $3 million fine against Bank of New York Mellon Corporation (BNY Mellon) for unsafe and unsound practices after the firm improperly assigned a lower risk weighting to a portfolio of assets, reducing the firm's risk-based capital ratios.

FCMC, U.S. law enforcement authorities impose fines on three banks

June 28, 2017
The Financial and capital Market Commission (FCMC) in collaboration with the Federal Bureau of Investigation’s (FBI) Counterproliferation Center has identified three Latvian banks, Baltikums Bank, Privatbank and Reģionālā investīciju banka which had not complied with the provisions of anti-money laundering and counter terrorist financing (AML/CTF) regulatory framework.

Mexico fines airlines $1.24m for wrongly charging for checked bags

June 27, 2017
Mexico's Profeco federal consumer protection agency said that it has fined five airlines for wrongly charging passengers for their first checked bag on flights from Mexico City to the United States and Canada.
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