Crime : Page 96

Facebook to pay $100 million for misleading investors

July 24, 2019 The Securities and Exchange Commission announced charges against Facebook Inc. for making misleading disclosures regarding the risk of misuse of Facebook user data.

FCA fines Standard Life Assurance £30 million for non-advised pension sales failures

July 23, 2019 The Financial Conduct Authority (FCA) has fined Standard Life Assurance Limited (SLAL) £30,792,500 for failures related to non-advised sales of annuities.

Bribery case in Hungary to cost Microsoft $26 million in two settlements

July 22, 2019 A Microsoft subsidiary agreed to pay more than $26 million to resolve claims that its employees bribed Hungarian government officials.

Equifax settles 2017 data breach for more than $600 million

July 22, 2019 Equifax announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.

New York City pharmacy owner and three managers arrested for participating in Medicaid fraud

July 20, 2019 New York Attorney General Letitia James announced the arrests of a New York City pharmacy owner and three of her managers for participating in a multi-million dollar Medicaid fraud scheme involving kickbacks and HIV drugs.

Financial Education Services settles with Georgia, will pay $1.75 million

July 20, 2019 Georgia Attorney General Chris Carr announced a $1.75 million settlement with Financial Education Services (FES) and its owners Michael Toloff and Parimal Naik, alleging that they violated the Georgia Fair Business Practices Act by operating an illegal credit repair business and using unlawful and deceptive practices in their multi-level marketing structure.

EU court upholds antitrust fines in optical disk drives cartel

July 19, 2019 Sony, a Hitachi-LG joint venture, and Toshiba-Samsung Storage Technology lost appeals of a 2015 European Union decision to fine a group of companies a total of 116 million euros for violating antitrust rules by coordinating their behavior regarding procurement tenders organized by two computer manufacturers.

Seafood processor pleads guilty to selling foreign crab meat falsely labeled as blue crab from USA

July 19, 2019 Michael P. Casey of Poquoson, Virginia, pleaded guilty in federal court in Newport News, Virginia, on charges stemming from his participation in a lucrative conspiracy to falsely label millions of dollars-worth of foreign crab meat as “Product of USA.”

Google fined $11,000 for not filtering websites in Russia

July 18, 2019 The communications agency Roskomnadzor on Thursday imposed a 700,000-ruble fine ($11,000) on Google company for failure to abide by Russian legislation, a statement released on the watchdog’s website reads.

Commission fines US chipmaker Qualcomm €242 million for engaging in predatory pricing

July 18, 2019 The European Commission has fined Qualcomm €242 million for abusing its market dominance in 3G baseband chipsets.

Shocking discoveries about pet food quality in Poland

July 16, 2019 More than half of Poles (52%) have a pet, usually a dog (42%) or a cat (26%).

U.S. extradites former Colombian Minister of Agriculture

July 12, 2019 The United States extradited Andres Felipe Arias Leiva, who served as Colombia’s Minister of Agriculture and Rural Development from 2005 to 2009, to face a prison sentence in that country based on a 2014 conviction by the Supreme Court of Colombia for two offenses committed while Arias served in public office.