POST Online Media Lite Edition



 

Crime : Page 95

Ofcom fines BT for accounting inaccuracies

August 15, 2019
Ofcom has hit BT with a £3,727,330 fine for reporting inaccurate financials to the regulator causing the company to pay lower administration fees for five years.

CMA pharma probe in UK secures £8m for the NHS from Aspen

August 14, 2019
Drug firm Aspen has offered to pay the NHS £8m, as part of a wider package, to resolve competition concerns over the supply of a vital medicine.

Seafood processor pleads guilty to selling foreign crabmeat falsely labeled as blue crab from U.S.

August 14, 2019
Phillip R. Carawan of Columbia, North Carolina, pleaded guilty in federal court in New Bern, North Carolina, on charges that his company, Capt. Neill’s Seafood Inc., at Carawan’s direction, falsely labeled millions of dollars’ worth of foreign crabmeat as “Product of USA.”

Pharmacy owner pleads guilty to false claims scheme, will pay more than $1 million

August 13, 2019
Attorney General Mike Hunter and U.S. Attorney for the Western District of Oklahoma Tim Downing announced that a Mangum pharmacy owner has pleaded guilty to two counts of healthcare fraud after orchestrating a false claims scheme that bilked the Medicare and Medicaid systems for more than $1 million.

SEC charges investment banking analyst with insider trading

August 13, 2019
The Securities and Exchange Commission charged an analyst at a large international investment bank with insider trading based on confidential information that he learned about Siris Capital Group\'s plans to acquire Electronics for Imaging, Inc. (EFII).

First cartel sanctioned by AdC in Portuguese financial with highest fines ever

August 7, 2019
The AdC applied a fine totalling more than €54 million on insurance companies, board members and directors involved in the “insurer cartel”.

Japan’s auto parts makers fined $76 million in South Korea over price fixing

August 5, 2019
Japan’s four-largest automobile parts makers were fined a combined total of 92 billion won ($76 million) by South Korea’s antitrust watchdog for fixing the prices of auto parts, officials said Sunday.

Justice Department reaches $3 million settlement with Nissan Motor

August 2, 2019
The Department of Justice announced that Nissan Motor Acceptance Corporation (Nissan MAC) has agreed to pay $3 million to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA).

Japanese manufacturer agrees to plead guilty to fixing prices for hard disk parts

July 30, 2019
NHK Spring Co. Ltd. K Spring), a Japanese manufacturer of suspension assemblies used in hard disk drives, has agreed to plead guilty for its role in a global conspiracy to fix prices, the Department of Justice announced.

FINRA fines Citigroup Global Markets Inc. $1.25 million

July 30, 2019
FINRA announced it has fined Citigroup Global Markets Inc. (CGMI) $1.25 million for failing to conduct timely or adequate background checks on approximately 10,400 non-registered associated persons spanning a seven-year period.

Portugal sanctioned Super Bock for fixing minimum resale prices

July 29, 2019
The AdC (Autoridade da Concorrência) in Portugal sanctioned Super Bock Bebidas S.A., one board member and one director of the company to fines of €24 million for fixing minimum resale prices and other commercial conditions, of beverages in hotels, restaurants and cafes, over more than ten years (2006-2017).

After 7 years FTC finally imposes funny $5 billion penalty on Facebook

July 26, 2019
Facebook will pay a record-breaking $5 billion penalty to settle Federal Trade Commission charges that the company violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information.
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