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Crime : Page 48

Ofgem orders five suppliers to pay £575,000 for Feed-in Tariff scheme

November 16, 2021
Ofgem is issuing five suppliers with provisional orders, compelling them to pay £575,000 in total for the Feed-in Tariff scheme.

U.S.: Ten stores pay fines for price scanning errors

November 15, 2021
The N.C. Department of Agriculture and Consumer Services’ Standards Division has collected fines from stores in Forsyth, Hoke, New Hanover, Randolph, Sampson and Wake counties because of excessive price scanner errors.

Australia High Court denies Volkswagen leave to appeal $125 million penalty

November 15, 2021
The High Court has dismissed Volkswagen AG’s application for special leave to appeal the $125 million penalty ordered by the Federal Court in December 2019 for making false representations about compliance with Australia’s diesel emissions standards.

DC Solar owner sentenced to 30 years in $1 billion Ponzi scheme

November 11, 2021
An owner of a California solar company DC Solar was sentenced to 30 years in prison for orchestrating a $1 billion Ponzi scheme.

Netherlands: Energy company Enstroga refuses to take back customers, forced to pay periodic penalty payment

November 8, 2021
Despite interventions by the Netherlands Authority for Consumers and Markets (ACM), energy company Enstroga has continued terminating the supply of energy to customers that did not agree with changes to their fixed rate energy contracts.

NYC paid safe and sick leave case with American Airlines settled

November 2, 2021
Mayor Bill de Blasio and Department of Consumer and Worker Protection (DCWP) Commissioner Peter A. Hatch announced a settlement agreement with American Airlines to resolve violations of the NYC Paid Safe and Sick Leave Law.

CMA fines Facebook £50.5 million over enforcement order breach

October 20, 2021
Facebook has been fined £50.5 million for breaching an order imposed by the CMA during its investigation into Facebook’s purchase of Giphy.

3M agrees to pay $98 million to resolve suits over 'forever' chemicals

October 20, 2021
3M on Tuesday said it had agreed to pay about $98.4 million to settle claims that it contaminated the Tennessee River with toxic chemicals.

Credit Suisse to pay nearly $475 million to resolve charges in connection with Mozambican bond offerings

October 20, 2021
Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission, for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.

Former Boeing 737 MAX Chief Technical Pilot indicted for fraud

October 16, 2021
A federal grand jury in the Northern District of Texas returned an indictment charging a former Chief Technical Pilot for Boeing with deceiving the Federal Aviation Administration’s Aircraft Evaluation Group (FAA AEG) in connection with the FAA AEG’s evaluation of Boeing’s 737 MAX airplane, and scheming to defraud Boeing’s U.S.‑based airline customers to obtain tens of millions of dollars for Boeing.

UBS fined $500,000 for failing to retain certain required audio recordings

October 15, 2021
The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against UBS AG, a provisionally registered swap dealer, for failing to retain certain audio recordings for the time required under CFTC regulations.

Poseidon Concepts senior executive pleads guilty to fraud scheme that caused over $886 million in losses

October 14, 2021
A North Dakota man, formerly the executive vice president of U.S. operations at a publicly traded Canadian oil company, pleaded guilty to perpetrating a scheme to fraudulently inflate the company’s reported revenue that resulted in shareholder losses in excess of $886 million.
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