POST Online Media Lite Edition



 

Crime : Page 23

Multinational corporation, several individuals charged with multimillion-dollar organic grain fraud scheme

January 7, 2023
Two Dubai entities and several individuals were charged in an indictment unsealed in the District of Maryland recently for their roles in a multimillion-dollar scheme to export non-organic grain into the United States to be sold as certified organic.

French watchdog fines Apple over ads

January 5, 2023
France’s privacy watchdog CNIL had imposed an 8 million euro ($8.49 million) fine linked to ad personalisation in the iPhone maker’s App Store, citing shortcomings with regard to user consent.

European Union fines Meta 390m euros for privacy violations

January 5, 2023
European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to agree to personalized ads based on their online activity.

Cryptocurrency trading exchange Coinbase will pay $50 million fine and spend $50 million to improve

January 5, 2023
New York Superintendent of Financial Services Adrienne A. Harris announced that Coinbas will pay a $50 million penalty to New York State.

EU businesses fined over €830 million for GDPR violations in 2022, Meta paid over 80%

January 4, 2023
The data analyzed by Atlas VPN reveals that as of December 2022, companies paid a total of €2.83 billion in 1401 cases for violating various data protection laws.

South Korea fines Tesla $3.3 million on electric vehicle range claims

January 3, 2023
South Korea’s antitrust regulator has said it would impose a 2.85 billion won ($3.3 million) fine on Tesla for failing to tell its customers about the shorter driving range of its electric vehicles in low temperatures.

Meta to settle Cambridge Analytica class action lawsuit for $725m

December 23, 2022
Meta has agreed a $725 million settlement to resolve a class action lawsuit related to the Cambridge Analytica data harvesting scandal.

France fines Microsoft $64m over advertising cookies

December 23, 2022
The French data privacy regulator has fined Microsoft €60 million ($64 million) for violation of regulations about advertising cookies.

3 admit to charges of bribery in securing Tokyo Olympics sponsorship

December 23, 2022
A former chairman and two other senior officials of major business suit retailer Aoki Holdings admitted in court to having bribed a former Tokyo Olympic organizing committee executive to become a sponsor for the sporting event held last year.

Deloitte slapped with £900,000 fine by UK accounting watchdog over SIG accounts

December 22, 2022
Britain\'s accounting watchdog has fined Deloitte more than £900,000 in relation to its audits of building materials supplier SIG for the 2015 and 2016 fiscal years.

Two Sam Bankman-Fried's ececutives pleaded guilty, as Bankman-Fried arrives in FBI custody

December 22, 2022
Two top ececutives of fallen crypto mogul Sam Bankman-Fried have pleaded guilty to fraud, mainly engaging in a scheme to divert and misappropriate FTX customer funds, U.S. Attorney Damian Williams announced.

Wells Fargo, repeat offender, to pay $3.7bn for widespread mismanagement of loans, mortgages, and deposit accounts

December 20, 2022
The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.
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