Crime : Page 86

France fines Morgan Stanley $22 million for manipulating sovereign bonds

December 10, 2019 France’s markets watchdog AMF said on Tuesday it has fined U.S bank Morgan Stanley (MS.N) 20 million euros ($22 million) for manipulation of sovereign bonds.

Jefferies to pay nearly $4 million fine for improper handling of ADRs

December 10, 2019 The Securities and Exchange Commission announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

Hungary imposed 1.5 euros fine on alarm equipment companies

December 7, 2019 Hungarian Competition Authority determined that the distributor of Paradox security products (alarm systems and equipment), Paradox Security Systems (Bahamas) Ltd., and its distributors in Hungary, Power Biztonságtechnikai Kereskedelmi Kft. and Trióda Biztonságtechnika Zrt., had restricted the competition in relation to these products for almost 10 years.

SEC charges Telefonaktiebolaget LM Ericsson with FCPA violations

December 7, 2019 The Securities and Exchange Commission announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries.

SEC charges Iconix Brand Group and former top executives with accounting fraud

December 7, 2019 The Securities and Exchange Commission charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud.

Hungary's competition watchdog slaps $4 million fine on Facebook

December 7, 2019 The Hungarian Competition Authority (GVH) imposed a 1.2 billion Hungarian forint (4 million U.S dollars) fine on Facebook.

Deutsche Bank accepts $5.5 million fine as money laundering probe closes

December 7, 2019 The Frankfurt public prosecutor\'s office has closed investigations into two employees of Deutsche Ban in the so-called Regula proceedings due to lack of sufficient suspicion in accordance with the German Code of Criminal Procedure.

Coles to pay Norco dairy farmers around $5.25 million following ACCC investigation

December 6, 2019 Coles Group Limited will pay Norco Co-operative Limited around $5.25 million for distribution to its dairy farmer members.

Former Bumble Bee Foods CEO convicted of fixing prices for canned tuna

December 4, 2019 The former President and Chief Executive Officer of Bumble Bee Foods LLC was convicted in San Francisco, California, for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.

Optus to pay $6.4 million fine for misleading NBN disconnection claims

December 3, 2019 Optus Internet and Optus Mobile have been ordered by the Federal Court to pay $6.4 million in penalties for making misleading claims about home internet disconnections to consumers, following proceedings brought by the ACCC.

Canada: 19 month sentence for fourth accused in Gatineau bid-rigging case

December 2, 2019 A fourth engineering executive accused in a bid-rigging scheme that bilked the City of Gatineau out of an estimated $1.8 million was sentenced to 6 months of house arrest, 13 months under curfew and 120 hours of community service.

Probe into Baltic shipyard embezzlement: Top manager charged with fraud and bribery

December 2, 2019 Investigation into a case over 78 million-ruble embezzlement ($1.2 million) from the Baltic shipyard Yantar (Amber) has been completed, the Investigative Committee’s North West transport investigations department has told RAPSI.