Crime : Page 175

SEC: Port Authority omitted risks to investors in roadway projects

January 12, 2017 The Securities and Exchange Commission (SEC) announced that the Port Authority of New York and New Jersey has agreed to admit wrongdoing.

Volkswagen pleads guilty, will pay $4.3 billion in test cheating case

January 11, 2017 Volkswagen has agreed to plead guilty to three criminal felony counts and pay a $2.8 billion criminal penalty.

Shire subsidiaries to pay $350m in largest false claims case

January 11, 2017 The Justice Department announced that Shire Pharmaceuticals LLC and other subsidiaries of Shire plc will pay $350 million to settle federal and state False Claims Act allegations.

£150,000 fine for insurance company that failed to keep customers’ information safe

January 11, 2017 The Information Commissioner\'s Office (ICO) in the UK has fined Royal & Sun Alliance Insurance (RSA) £150,000 following the loss of the personal information of nearly 60,000 customers.

Poland issues maximum $475,609 fine to Telefonia Polska Razem

January 11, 2017 For the first time in its history, the Office of Competition and Consumer Protection in Poland imposed the maximum amount of penalty for practices affecting vulnerable market participants.

Former JPMorgan, RBS, Barclays affiliate traders indicted in forex conspiracy

January 10, 2017 A federal grand jury returned an indictment against three former traders of major banks.

Volkswagen executive charged for conspiracy to cheat U.S. emissions tests

January 9, 2017 Oliver Schmidt, a Volkswagen (VW) engineer, was charged in a criminal complaint in the U.S.

Dystar Dyestuff fined $2.9m for acid dumped in east China rivers

January 9, 2017 Textile and dye manufacturer Dystar (Nanjing) Dyestuff Company has been fined for improper handling of 2,700 tonnes of acid that ended up in east China rivers.

Hong Kong's SFC fines MIS Services $3m for regulatory breaches

January 6, 2017 The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined MIS Services Limited (formerly known as Standard Chartered Investment Services Limited) (SCIS) $3 million.

T-Mobile to pay $3.62m in Poland for violating consumer rights

January 6, 2017 T-Mobile Poland has failed to obtain an express consent from its consumers for additional fees for the Listen as You Wait, Jukebox and Subscription services.

Valve to pay $3 million for misrepresenting gamers' consume

January 6, 2017 On December 23, 2016 the Federal Court ordered Valve Corporation (Valve) to pay penalties totalling $3 million for breaching the Australian Consumer Law.

Jon S. Corzine to pay $5 million penalty, says CFTC

January 5, 2017 The U.S. Commodity Futures Trading Commission (CFTC) has obtained a federal court Consent Order against Jon S. Corzine, former CEO of MF Global Inc.