Crime : Page 21

UK: Serious Fraud Office secures three convictions in $500 million trade finance fraud

February 5, 2023 On February 2 at Southwark Crown Court, the Serious Fraud Office (SFO) secured convictions of two executives of British steel trading business, Balli Steel, on six counts of fraud.

AG for District of Colubia: $1,950,000 available for eligible Drizly drivers as result of tip-theft investigation

January 31, 2023 Drivers who made deliveries from district alcohol retail stores between January 1, 2019 - November 14, 2022 may qualify for payments.

North Carolina: 52 stores pay fines for price scanning errors in 33 counties

January 31, 2023 The North Carolina Department of Agriculture and Consumer Services’ Standards Division has collected fines from 52 stores in 33 counties because of excessive price-scanner errors.

EAO issued third fine for Coastal GasLink project

January 27, 2023 The Environmental Assessment Office (EAO), a Crown Agency of the provincial government of British Columbia, Canada has issued an administrative penalty to Coastal GasLink Pipeline (CGL) for non-compliance with requirements of its environmental assessment certificate.

Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros

January 26, 2023 On 18 January 2023, De Nederlandsche Bank (DNB) imposed an administrative fine of €3,325,000 on Coinbase Europe Limited.

Bloomberg to pay $5 million for misleading disclosures about its valuation methodologies for fixed income securities

January 24, 2023 The Securities and Exchange Commission announced settled charges against Bloomberg Finance for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities.

Italy fines Yoox with over 5 million euro for misleading prices and limitations of right of withdrawal

January 23, 2023 The Italian Competition Authority has fined Yoox Net-a-Porter Group S.p.A. for a total of 5,250,000 euro.

Nexo agrees to pay $45 million in penalties and cease unregistered offering of crypto asset lending product

January 20, 2023 The Securities and Exchange Commission charged Nexo Capital with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP).

Virgin Atlantic fined for operating flights in prohibited airspace

January 18, 2023 The U.S. Department of Transportation (DOT) fined Virgin Atlantic $1.05 million for operating flights carrying Delta Air Lines’ code (DL) in regions in which a Federal Aviation Administration (FAA) flight prohibition was in effect.

Russia's FAS fines Apple $17 million in case on app market abuse

January 18, 2023 Russia\'s Federal Anti-Monopoly Service (FAS) has imposed a fine on U.S. company Apple in a case on abuse in the app market, the service said in a statement.

Cigna fined $3.5m over false claims to customers in New Zealand

January 17, 2023 Cigna has been fined $3.5 million by the Wellington High Court for making false and misleading representations about customers\' insurance premiums and cover.

Settlements totaling $20.1 billion with CVS, Walgreens, Walmart Pharmacies, Teva and Allergan for opioid crisis

January 16, 2023 Attorney General Matthew J. Platkin announced today that New Jersey has joined nationwide settlement agreements with pharmacy chains CVS, Walgreens, and Walmart, and drug makers Teva Pharmaceuticals and Allergan, to resolve claims involving their alleged roles in fomenting the country’s opioid crisis.