Crime : Page 178

SEC charges Morgan Stanley with customer protection rule violations

December 20, 2016 The Securities and Exchange Commission (SEC) announced that Morgan Stanley & Co. has agreed to pay $7.5 million.

Volkswagen and Audi to pay up to $2.1 billion in Canada

December 20, 2016 The Competition Bureau participated in a proposed Canadian class action settlement agreement that Volkswagen reached with consumers of certain 2.0 litre diesel vehicles.

Chinese national admits to stealing military documents from United Technologies

December 20, 2016 Yu Long, a citizen of China and lawful permanent resident of the U.S., waived his right to be indicted and pleaded guilty in New Haven federal court in Connecticut.

Platinum Partners’ executives charged with $1 billion fraud

December 19, 2016 The Securities and Exchange Commission (SEC) charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms.

Conviction of Hanson Holdings owner of securities fraud

December 19, 2016 Missouri Attorney General Chris Koster announced that Christopher Hanson, owner of Hanson Holdings and IBS Investments pleaded guilty to one count of securities fraud and two counts of violations of securities law related to an investment scheme he perpetrated.

$4.4m fine for Reckitt Benckiser in Australia over misleading Nurofen claims

December 19, 2016 Reckitt Benckiser was slapped with a A$6 million ($4.4 million) fine Friday for making misleading claims about its popular Nurofen Specific Pain brand in Australia.

Deutsche Bank settles charges of misleading clients

December 16, 2016 The Securities and Exchange Commission (SEC) announced that Deutsche Bank has agreed to settle charges that it misled clients about the performance of a core feature of its automated order router that primarily sent client orders to dark pools.

Intesa Sanpaolo fined $235 million by New York regulator

December 16, 2016 New York's top banking regulator fined Italian bank Intesa Sanpaolo and its New York branch $235 million for violations of the state's laws prohibiting money laundering and bank secrecy.

Trinity Mirror says 80% of phone-hacking claims settled

December 16, 2016 The publisher of the Daily Mirror has settled damages payouts in relation to more than 80% of phone-hacking claims made against its titles.

Forest Labs and Forest Pharma to pay $38 million under False Claims Act

December 15, 2016 Forest Laboratories LLC, located in New York, New York, and its subsidiary, Forest Pharmaceuticals Inc., have agreed to pay $38 million to resolve allegations.

DeVry University agrees to $100 million settlement with FTC

December 15, 2016 DeVry University and its parent company have agreed to a $100 million settlement of a Federal Trade Commission (FTC) lawsuit.

Dupont: Largest natural resources settlement in Virginia history

December 15, 2016 The Departments of Justice and the Interior and Virginia announced a proposed settlement with DuPont valued at approximately $50 million.