Crime : Page 191

Wells Fargo fires 5,300 employees after $185 million fine

September 9, 2016 After Wells Fargo has agreed to pay fines of $185 million and announced settlements with the Consumer Financial Protection Bureau (CFPB), the company fired 5,300 employees related to the scheme.

Joliet tax preparer pleads guilty to defrauding Illinois

September 9, 2016 Illinois Attorney General Lisa Madigan announced that a Joliet tax preparer pled guilty to charges of filing fraudulent tax returns and defrauding the state out of more than $400,000.

Former Tesco directors charged with fraud

September 9, 2016 The UK's Serious Fraud Office has charged three former Tesco executives with fraud as part of its investigation into a scandal that resulted in a £263 million black hole in the retailer's accounts.

FAS fined participants of aircraft procurement collusion in Chukotka

September 9, 2016 The Federal Antimonopoly Service (FAS Russia) fined several companies for concluding an anticompetitive agreement with a government body.

Wells Fargo ordered to pay $185 million for fake accounts

September 8, 2016 Wells Fargo Bank has been ordered to pay $185 million in fines and penalties to settle "the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts."

ING Bank compensates Living Super customers with $5.38 million

September 8, 2016 ING Bank Australia, the promoter and investment manager of the ING Direct Superannuation Fund (Living Super), will compensate around 24,500 members approximately $5.38 million.

Walmart to eliminate 'verification statement' from Spring Valley

September 8, 2016 Wal-Mart Stores has agreed to eliminate "independent verification" statement on its Walmart store-brand Spring Valley dietary supplement labels nationwide.

Major fraud investigation in Brazil, $25bn in alleged damages

September 7, 2016 Brazilian police launched an investigation of fraud at state-run companies' pension funds, as a judge ordered dozens of senior financiers and executives away from their firms.

ASIC bans director of failed companies for maximum five year period

September 7, 2016 Collaroy director Mark Frederic Byers has been banned by Australian ASIC from managing companies for the maximum of five years for his conduct in the management of four failed companies.

New York launches antitrust investigation into Mylan

September 6, 2016 New York Attorney General Eric T. Schneiderman's office has commenced an investigation into Mylan Pharmaceuticals, the maker of EpiPens.

UOKiK initiates proceedings in case against T-Mobile Polska

September 6, 2016 Poland’s Office of Competition and Consumer Protection (UOKiK) has initiated proceedings against T-Mobile Polska related to two of the company’s additional paid services.

Russian FAS fined Lenta $1.136 million for discriminating suppliers

September 6, 2016 The Federal Antimonopoly Service (FAS Russia) completed the administrative proceedings against Lenta in a case on creating discriminatory conditions for suppliers of wine products in 2013 – 2015.