Crime : Page 173

State Street to pay more than $64 million to resolve fraud charges

January 18, 2017 Massachusetts-based global financial services company State Street Corporation (State Street) entered into a deferred prosecution agreement.

Orthofix charged with accounting failures and FCPA violations

January 18, 2017 The Securities and Exchange Commission (SEC) announced that Texas-based medical device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million.

Credit Suisse to pay $5.28 billion in mortgage-backed securities case

January 18, 2017 The Justice Department announced a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007.

SEC fines General Motors $1 million for accounting failures

January 18, 2017 The Securities and Exchange Commission (SEC) fined General Motors $1 million to settle charges.

Alleged fraud at driver testing centres in Johannesburg supported by provincial government

January 18, 2017 Gauteng MEC for Roads and Transport, Ismail Vadi, is rallying behind the ongoing investigations in the City of Johannesburg’s licensing departments.

Settlement for cleanup of 94 abandoned uranium mines on Navajo Nation

January 18, 2017 The United States and the Navajo Nation have entered into a settlement agreement with two affiliated subsidiaries of Freeport-McMoRan for the cleanup of 94 abandoned uranium mines on the Navajo Nation.

Pershing Securities pays $40,000 in infringement notice penalty

January 18, 2017 Pershing Securities Australia has paid a penalty of $40,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP).

McKesson agrees to pay record $150m for failure to report suspicious orders

January 18, 2017 McKesson Corporation agreed to pay a record $150 million civil penalty for alleged violations of the Controlled Substances Act (CSA), the Justice Department announced.

Ofcom fines EE £2.7 million for overcharging customers

January 18, 2017 Ofcom has fined EE £2.7m for overcharging tens of thousands of its customers.

NCR to end litigation and complete massive superfund cleanup at Wisconsin’s Fox River

January 18, 2017 The Department of Justice’s Environment and Natural Resources Division and the U.S. Environmental Protection Agency announced a major settlement.

Allergan paying $15m for disclosure failures during merger talks

January 17, 2017 The Securities and Exchange Commission (SEC) announced that Allergan Inc. has agreed to admit securities law violations and pay a $15 million penalty for disclosure failures in the wake of a hostile takeover bid.

Deutsche Bank to pay $7.2 billion for misleading investors

January 17, 2017 The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche Bank resolving federal civil claims.