Crime : Page 87

CFTC orders Goldman Sachs to pay $1 million fine for record keeping violations

November 29, 2019 The U.S. Commodity Futures Trading Commission issued an order filing and simultaneously settling charges against Goldman Sachs for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers.

SEC action against Florida investment scheme targeting seniors

November 29, 2019 The Securities and Exchange Commission has frozen the assets of a South Florida-based company that defrauded more than 100 retail investors, many of them seniors, in a Penny Stock fraud scheme.

Bank of England hits Citigroup with record fine

November 27, 2019 The Bank of England fined Citigroup 43.9 million pounds.

KFTC sanctions bid rigging at auctions of shipping services for imported brown rice

November 27, 2019 The Korea Fair Trade Commission detected 127 bid rigging conspiracies at auctions of shipping services for imported brown rice conducted by local governments from 2000 to 2018.

U.S. charges former Outcome Health executives in $1 billion fraud

November 26, 2019 U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a scheme to overbill clients and fraudulently obtain nearly $1 billion of funds, including from major investors.

New York food processing and distribution companies and owners plead guilty to fraud

November 26, 2019 Anchor Frozen Foods, Advanced Frozen Foods corporations and their owners pleaded guilty in federal court for their scheme to falsely-label seafood that they later sold across the country.

Monsanto pleads guilty to illegal Hawaii pesticide spraying

November 23, 2019 Monsanto pleaded guilty to spraying a banned pesticide on Maui, and agreed to pay $10.2 million in criminal fines and other payments for the spraying and for illegally storing hazardous waste.

Former Baltimore Mayor Catherine Pugh pleads guilty to federal conspiracy and tax charges

November 23, 2019 Catherine Elizabeth Pugh of Baltimore, Maryland, pleaded guilty to the federal charges of conspiracy to commit wire fraud, conspiracy to defraud the United States, and two counts of tax evasion. U.S. District Judge Deborah K. Chasanow has scheduled sentencing for February 27, 2020, at 10:00 a.m.

Samsung Heavy Industries to pay $75 million fine to resolve foreign bribery case

November 23, 2019 Samsung Heavy Industries Company Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil.

BMW, Daimler, Volkswagen fined for anticompetitive practices in the purchase of steel

November 22, 2019 The Bundeskartellamt has imposed fines totalling around 100 million euros on Bayerische Motoren Werke AG, Daimler AG and Volkswagen AG for anticompetitive practices in the purchase of long steel products.

Former CEO of Braskem charged for his role in scheme to pay bribes to Brazilian officials

November 21, 2019 An indictment was unsealed charging a former chief executive officer (CEO) of Braskem S.A., a publicly traded Brazilian petrochemical company, for his role in a massive bribery and money laundering scheme involving Braskem and its parent company, Odebrecht S.A.

FCA fines Henderson £1,867,900m for fund failings

November 20, 2019 The Financial Conduct Authority (FCA) has fined Henderson Investment Funds Limited (HIFL) £1,867,900 for failing to treat fairly more than 4,500 retail investors in two of its funds, the Henderson Japan Enhanced Equity Fund and the Henderson North American Enhanced Equity Fund (the Japan and North American Funds).