Search Results for: Department of Justice
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 ...
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
US arrests VW executive on fraud charges
January 9th, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the ...
Barclays Bank sued for mortgage securities fraud
December 24th, 2016
The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ...
Credit Suisse reached a settlement for its RMBS business
December 23rd, 2016
Credit Suisse announced today that it has reached a settlement in principle with the U.S. Department of Justice (DOJ) related to its legacy Residential Mortgage-Backed Securities (RMBS) business – a business conducted through 2007. This settlement would release Credit ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
One of Deutsche Bank’s top wealth chiefs is among 13 bankers facing allegations of fraud
December 16th, 2016
One of Deutsche Bank’s top wealth chiefs in London is among 13 bankers facing allegations of fraud and false accounting tied to complex finance transactions with struggling Italian lender Monte dei Paschi. Matteo Vaghi, a London-based managing director at ...
Alert: Beware of Facebook investment scam
November 28th, 2016
Facebook users are promised an $800 payout if they can refer two other people into the “Blessing Loom” and deposit at least $100. Showing signs of a classic Ponzi scheme, authorities and observers warn Facebook users not to join ...
JPMorgan Chase Paying $264 Million to Settle FCPA Charges
November 18th, 2016
The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region ...
