Crime : Page 3

SEC charges 17 individuals in $300 million crypto asset Ponzi scheme targeting Latino community

March 18, 2024 The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other countries.

Tallgrass Energy’s ex board member Roy Cook, 4 others charged with insider trading before of Blackstone acquisition

March 13, 2024 The Securities and Exchange Commission announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy, and four of his friends for trading on material nonpublic information in advance of a public announcement that Blackstone Infrastructure Partners had offered to acquire Tallgrass and take it private.

SEC charges Skechers with making undisclosed payments to executives’ family members

March 11, 2024 The Securities and Exchange Commission announced that Skechers U.S.A. Inc. agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members.

Owner of telemedicine companies pleads guilty to role in $136m Medicare fraud conspiracy

March 11, 2024 The owner of two purported telemedicine companies pleaded guilty to her role in a conspiracy to defraud Medicare of $136 million.

Commission fines Apple over 1.8 billion euro over abusive App store rules for music streaming providers

March 5, 2024 The European Commission has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users\') through its App Store.

Supermoney fined EUR 1,480,000 for unfair commercial practice

March 4, 2024 The Italian Competition Authority has imposed a fine of EUR 1,480,000 on Supermoney for unfair commercial practice.

SEC charges Lordstown Motors with misleading investors about company's flagship electric vehicle

March 4, 2024 The Securities and Exchange Commission charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown’s flagship electric pickup truck, the Endurance.

Gunvor will pay over $661m to resolve foreign bribery case

March 4, 2024 Gunvor S.A., an international commodities trading company based in Switzerland, has pleaded guilty and will pay over $661 million to resolve an investigation by the U.S. Justice Department into violations of the Foreign Corrupt Practices Act (FCPA).

Chicken suppliers agreed to settle claims that they conspired for years to fix poultry prices

March 2, 2024 Perdue, Sanderson and other chicken suppliers have agreed to settle claims that they conspired for years to fix poultry prices, costing food distributors millions of dollars in overcharges.

Sandoz pays $265 million for settlement in U.S.

March 1, 2024 Sandoz is resolving a long-standing antitrust litigation.

Italy regulator fines Enel unit 79 million euros for telemarketing abuses

March 1, 2024 Italy\'s data protection authority on Thursday fined a unit of the country\'s largest utility Enel ENEI.MI more than 79 million euros ($85.40 million), accusing it of mishandling users\' personal data for telemarketing.

Family Dollar fined $42 mln for storing food, drugs in rodent infested warehouse

February 29, 2024 Family Dollar Stores, affiliated to Dollar Tree, agreed to pay $41.675 million after pleading guilty to holding consumer products including food and drugs in rodent infested warehouse, according to the U.S. Department of Justice.