Crime : Page 31

South Korea fines Google, Meta $72 million for privacy violations

September 15, 2022 South Korea levied tens of millions of dollars in fines on Alphabet\'s Google and Meta Platforms for privacy law violations, authorities said.

Google loses EU case over illegal Android app bundling, will pay €4.1 billion

September 15, 2022 The EU has upheld a 2018 antitrust charge against Google, confirming that the company imposed “unlawful restrictions” on Android phone manufacturers in order to promote its search engine on mobile devices.

New Jersey AG: Uber pays $100m in driver misclassification case

September 14, 2022 Uber pays $100m in driver misclassification case with NJ Department of Labor and Workforce Development and Attorney General’s Office.

SEC charges VMware with misleading investors by obscuring financial performance

September 14, 2022 The Securities and Exchange Commission charged VMware Inc. for misleading investors about its order backlog management practices.

U.S.: Crypto lender Celsius operated like Ponzi scheme

September 14, 2022 The Vermont Department of Financial Regulation has now filed against the firm in New York, and the state regulator is \"especially concerned about losses suffered by retail investors; for example, middle-class, unaccredited investors who may have invested entire college funds or retirement accounts with Celsius.\"

AG James recovers $50 million from cigarette companies

September 13, 2022 New York Attorney General Letitia James announced a $50 million agreement with two companies that allegedly sold cigarettes without paying the required state excise taxes.

Wells Fargo to pay $13.2 million to retirement funds after settlement

September 13, 2022 Wells Fargo announced that it has reached an agreement with the U.S. Department of Labor (DOL) to resolve a previously disclosed, legacy matter regarding the DOL’s review of transactions that were used to fund certain Company contributions to its 401(k) Plan.

FINRA fines BofA Securities $5 million for Large Options Position reporting failures

September 13, 2022 FINRA has fined BofA Securities Inc. $5 million for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting system (LOPR) in more than 7.4 million instances, including 26 positions that were over the applicable OTC position limit, and related supervisory failures.

Australia's AFCA fines four companies from HABAU family euro 26.33 million for cartel

September 12, 2022 Four companies from the HABAU group of companies have admitted participating in the construction cartel and fully acknowledged the infringement.

Former Contech executive sentenced for rigging bids and defrauding North Carolina Department of Transportation

September 12, 2022 A former executive of Contech Engineered Solutions was sentenced to 18 months of imprisonment in New Bern, North Carolina, for his participation in bid-rigging and fraud schemes targeting the North Carolina Department of Transportation (NCDOT).

EmpiresX head trader pleads guilty to global cryptocurrency investment fraud scheme

September 10, 2022 A Florida man pleaded guilty to conspiracy to commit securities fraud in connection with a global cryptocurrency-based Ponzi scheme that took in approximately $100 million from investors.

Instagram fined record $400m for abuse of children's data

September 7, 2022 Ireland\'s Data Protection Commissioner (DPC), the lead regulator in Europe for Meta and other tech giants, has slapped Instagram with a fine of $402m following an investigation on how the company handled children\'s data.