Crime : Page 177

Teva to pay $519 million to settle bribery charges

December 23, 2016 Teva Pharmaceutical Industries will pay $519 million to resolve bribery charges in the Ukraine, Mexico and Russia.

U.S. sues Barclays for mortgage securities fraud

December 23, 2016 The United States Department of Justice (DOJ) filed a civil complaint in the Eastern District of New York against Barclays Bank and several of its United States affiliates.

Deutsche Bank to pay $7.2 billion to settle mortgage probe

December 23, 2016 Deutsche Bank agreed to pay a $3.1 billion penalty, plus provide $4.1 billion in consumer relief, to settle mortgage-backed securities claims with the U.S. Justice Department.

90 websites closed in China for illegal downloads

December 23, 2016 Chinese authorities handled 514 cases of online copyright infringement and shut down 290 websites during a July to November campaign, an official statement said.

OFAS exposed a cartel in construction of gas pipeline in Priozersk, Russia

December 23, 2016 The Commission of Leningrad OFAS found that "SZI-KOMPLEX" Ltd. and"Stroitechnocom" Ltd. formed a cartel (a violation of Clause 2 Part 1 Article 11 of the Federal Law "On Protection of Competition").

SEC charges operators of fake day-trading firm with defrauding

December 22, 2016 The Securities and Exchange Commission (SEC) charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide.

Columbian Mutual Life Insurance to pay beneficiaries of 257 New York policyholders

December 21, 2016 The New York State Department of Financial Services is taking action against Columbian Mutual Life Insurance Company.

Odebrecht and Braskem to pay $3.5bn in largest global foreign bribery case

December 21, 2016 Odebrecht, a global construction conglomerate based in Brazil, and Braskem, a Brazilian petrochemical company, pleaded guilty and agreed to pay a combined total penalty of at least $3.5 billion.

Goldman Sachs to pay $120 million to resolve benchmark manipulation probe

December 21, 2016 The U.S. Commodity Futures Trading Commission (CFTC) issued an order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank).

Jury says Sabre violated antitrust law in contract with US Airways

December 21, 2016 A federal jury in the Southern District of New York found that global distribution system Sabre violated the Sherman Antitrust Act in a 2011 contract with US Airways.

Switzerland fines banks $96.3 million for rate rigging

December 21, 2016 Switzerland fined a group of global banks for conspiring to rig key interest rates over several years stretching back to the period before the financial crisis.

Four more officials charged in third round of Flint water crisis

December 20, 2016 Michigan Attorney General Bill Schuette charged two former State of Michigan Emergency Managers, Darnell Earley and Gerald Ambrose, with multiple 20-year felonies for their failure to protect the citizens of Flint from health hazards caused by contaminated drinking water.