Crime : Page 164

Former Coach USA exec sentenced to 15 months in prison for obstruction of justice

March 24, 2017 A former executive of Coach USA Inc. was sentenced for attempting to conceal and destroy documents relevant to a civil antitrust investigation.

Coal of Africa COO fined, suspended for insider trading

March 24, 2017 A member of Coal of Africa's top management has been fined R350,000 for insider trading by the Financial Services Board (FSB) and was subsequently suspended by the company pending an internal investigation.

Sony China ordered to pay $1.3 million for stealing local patent

March 23, 2017 The Chinese subsidiary of Japanese technological giant Sony has been ordered to pay $1.3 million to a local internet company for stealing a patent registered since 2005.

ZTE Corporation pleads guilty for violating U.S. sanctions

March 23, 2017 ZTE Corporation pleaded guilty to conspiring to violate the International Emergency Economic Powers Act (IEEPA) by illegally shipping U.S.-origin items to Iran, obstructing justice and making a material false statement.

Hungary fines two SMEs in price fixing case

March 22, 2017 The Gazdasági Versenyhivatal (GVH – the Hungarian Competition Authority) established that Óceán-L Kereskedelmi és Szolgáltató and Hüperion Kereskedelmi és Szolgáltató had entered into an anticompetitive agreement.

Auditor charged with insider trading on client’s nonpublic information

March 20, 2017 The Securities and Exchange Commission (SEC) announced that an auditor based in the Silicon Valley has agreed to settle charges that he traded on inside information about a client on the verge of a merger.

Disney will pay $3.8 million in back wages

March 17, 2017 The U.S. Labor Department and The Walt Disney Co. have reached an agreement that will provide $3.8 million in back wages to theme park and timeshare workers.

Europe fines air cargo carriers €776 million for price-fixing cartel

March 17, 2017 The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed a fine totalling € 776 465 000 for operating a price–fixing cartel. The Commission's original decision was annulled by the General Court on procedural grounds.

Agriculture minister in Moldova detained in land scam case

March 16, 2017 Moldovan prosecutors have detained the country's agricultural minister on suspicion that he took part in a scheme to illegally expropriate state-owned vineyards and buildings.

U.S. charges Russian FSB officers, conspirators for hacking Yahoo

March 15, 2017 A grand jury in the Northern District of California has indicted four defendants, including two officers of the Russian Federal Security Service (FSB), for computer hacking,beginning in January 2014, to access Yahoo’s network and the contents of webmail accounts.

Colorado unapproved drug and dietary supplement makers ordered to cease operations

March 14, 2017 U.S. District Judge Marcia S. Krieger for the U.S. District Court for Colorado entered a consent decree of permanent injunction against EonNutra, CDSM, and HABW.

Russian FAS finds Apple’s subsidiary guilty of fixing iPhone’s prices

March 14, 2017 A commission of Russia’s Federal Antimonopoly Service (FAS) has found Apple’s subsidiary Apple Rus guilty of fixing prices of iPhones.