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Crime : Page 19

Chicago reaches $23.8m settlement agreement with e-cigarette maker Juul Labs

March 14, 2023
The City of Chicago announced that a $23.8m settlement has been reached with JUUL Labs, a leading e-cigarette maker, over claims that the company was engaged in harmful and deceptive business practices by marketing and selling vaping products to underage users.

SEC charges Blackbaud for misleading disclosures about ransomware attack that impacted charitable donors

March 14, 2023
The Securities and Exchange Commission announced that Blackbaud, a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers.

Former Goldman Sachs investment banker sentenced in $2.7b bribery and money laundering scheme

March 13, 2023
A former managing director of The Goldman Sachs Group was sentenced to 10 years in prison for his role in a multibillion-dollar bribery and money laundering scheme involving Malaysia’s state-owned investment and development fund, 1Malaysia Development Berhad (1MDB).

PwC hit with $8.9 million penalty for serious breaches on Babcock audits

March 8, 2023
Britain\'s auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for \"serious breaches\" found in audits of Babcock International, the regulator said on Wednesday.

FTC finalizes order against Instant Brands for false made in USA claims

March 8, 2023
The Federal Trade Commission has finalized its order against Instant Brands, manufacturer of Pyrex-brand kitchen and home products, for making false “Made in USA” claims.

Rio Tinto to pay $15 million penalty for bribery controls failures

March 7, 2023
The Securities and Exchange Commission announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea.

SEC files emergency action against BKCoin and principal Kevin Kang for orchestrating $100 million crypto fraud scheme

March 7, 2023
The Securities and Exchange Commission announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme.

Court finds gross negligence, orders oil company HVI Cat Canyon to pay U.S. and California $65 million

March 7, 2023
The U.S. District Court for the Central District of California entered final judgment against HVI Cat Canyon, formerly known as Greka Oil and Gas.

FTC takes action against doTERRA distributors for false COVID-19 health claims

March 5, 2023
The Federal Trade Commission has brought lawsuits against three current and former high-level distributors so-called “Wellness Advocates” of the Utah-based multi-level marketing company doTERRA International for making claims that the company’s essential oils and dietary supplements could treat, prevent, or cure COVID-19.

Ericsson to plead guilty and pay over $206m following breach of 2019 FCPA deferred prosecution agreement

March 3, 2023
Telefonaktiebolaget LM Ericsson (Ericsson), a multinational telecommunications company headquartered in Stockholm, Sweden, has agreed to plead guilty and pay a criminal penalty of more than $206 million after breaching a 2019 Deferred Prosecution Agreement (DPA).

U.S. Department of State concludes $20,000,000 settlement of alleged export violations by 3D Systems Corporation

March 1, 2023
The U.S. Department of State has concluded an administrative settlement with 3D Systems Corporation (3D) of Rock Hill, South Carolina, to resolve alleged violations of the Arms Export Control Act (AECA) and the International Traffic in Arms Regulations (ITAR).

Two convicted of VAT fraud in EPPO investigation in Germany

February 28, 2023
Following an investigation by the European Public Prosecutor’s Office (EPPO) in Frankfurt am Main (Germany), two suspects were convicted last week (15 February 2023) by the Frankfurt Regional Court (Landgericht Frankfurt) of VAT fraud.
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