Search Results for: Justice Department
Feds Miss out on $600 Million Payday in Silk Road Bitcoin Auction
October 9th, 2017
The U.S. Department of Justice recently claimed the proceeds from the sale of 144,336 bitcoins found in Ross Ulbricht’s laptop, gained from Silk Road’s seizure in 2013. Claiming the proceeds took a couple of years, and netted the government little over ...
German automakers might face EU fines after allegations but no global legal threat, analyst says
July 26th, 2017
“I still don’t see a major global legal threat here,” Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. EU antitrust officials confirmed Saturday they had started investigating allegations of a cartel among a ...
A Former Credit Suisse Banker Has Pleaded Guilty in an U.S. Offshore Tax Case
July 20th, 2017
A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager ...
Former Audi manager charged. The reason?
July 7th, 2017
The U.S. Justice Department on Thursday said it has charged a former Audi manager with directing employees at the company, a division of Volkswagen AG, to design software to cheat U.S. emissions tests in thousands of Audi diesel cars. ...
Volkswagen to pay a $2.8 billion criminal penalty
April 25th, 2017
Volkswagen has been ordered to pay a $2.8-billion criminal penalty in the United States for cheating on diesel emissions tests. Federal Judge Sean Cox in Detroit followed the deal negotiated by VW and the US Justice Department. The sentence ...
Deutsche Bank and its UK subsidiary to pay $775 million penalty
March 29th, 2017
DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was sentenced today for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies. LIBOR is a ...
What You Do On Your Cell Phone Could Come Back To Haunt You
March 20th, 2017
As far as Big Brother is concerned, nothing that you do on your cell phone is ever private. And if the government really wants to see what is on your cell phone, they are going to get that information ...
Is Trump’s immigration order legal?
February 2nd, 2017
Senate Majority Leader Mitch McConnell may have offered the most prescient reaction to President Donald Trump’s executive order suspending refugee resettlement and blocking individuals from seven majority-Muslim nations from entering the United States. “It’s going to be decided in ...
Trump fired top federal government lawyer
January 31st, 2017
U.S. President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations. It was another ...
Western Union agreed to pay $586m for Anti-Money Laundering Violations
January 20th, 2017
Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission Company also Agrees to Implement Anti-Fraud Program and Enhanced Compliance Obligations in Agreements with Federal Authorities The Western ...
