Category: _enforcement

Bladimir Moreno, Owner of Los Villatoros Harvesting LLC, Sentenced to 118 Months for Forced Labor, Multi-State Conspiracy (Mexican Workers)

Posted on By CorruptionLedger No Comments on Bladimir Moreno, Owner of Los Villatoros Harvesting LLC, Sentenced to 118 Months for Forced Labor, Multi-State Conspiracy (Mexican Workers)

Bladimir Moreno, 55, was sentenced for leading a federal racketeering and forced labor conspiracy that victimized Mexican H-2A agricultural workers in the United States between 2015 and 2017. U.S. District Court Judge Charlene Edward Honeywell of the Middle District of Florida sentenced Moreno to 118 months in prison with three years of supervised release and…

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_enforcement, Corruption, Region Americas, Region US & Canada

FTC Orders an End to Illegal Mastercard Business Tactics and Requires it to Stop Blocking Competing Debit Card Payment Networks

Posted on By CorruptionLedger No Comments on FTC Orders an End to Illegal Mastercard Business Tactics and Requires it to Stop Blocking Competing Debit Card Payment Networks

  The Federal Trade Commission is ordering an end to illegal business tactics that Mastercard has been using to force merchants to route debit card payments through its payment network, and is requiring Mastercard to stop blocking the use of competing debit payment networks. Under a proposed FTC order, Mastercard will have to start providing…

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_enforcement, banks, z-Exclude

CytoDyn Inc: Two Biotech CEOs Charged in Securities Fraud Schemes #leronlimab

Posted on By 5amResearch No Comments on CytoDyn Inc: Two Biotech CEOs Charged in Securities Fraud Schemes #leronlimab

A federal grand jury in the District of Maryland returned an indictment that was unsealed today charging two men for their roles in schemes to defraud investors in CytoDyn Inc., a publicly traded biotechnology company (OTCQB: CYDY) based in Vancouver, Washington. According to court documents, Nader Pourhassan, 59, of Lake Oswego, Oregon, and Kazem Kazempour,…

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_enforcement, All Regions, corporate corruption, Corruption, health, Region US & Canada, x.doj

Honeywell UOP to Pay Over $160 Million to Resolve Foreign Bribery Investigations in U.S. and Brazil

Posted on By 5amResearch No Comments on Honeywell UOP to Pay Over $160 Million to Resolve Foreign Bribery Investigations in U.S. and Brazil

According to the company’s admissions and court documents, between 2010 and 2014, Honeywell UOP conspired to offer an approximately $4 million bribe to a then-high-ranking executive of Petróleo Brasileiro S.A (Petrobras) in Brazil. Specifically, Honeywell UOP offered the bribe to secure improper advantages in order to obtain and retain business from Petrobras in connection with Honeywell UOP’s efforts to win an approximately $425 million contract from Petrobras to design and build an oil refinery called Premium.

_enforcement, All Regions, Corruption, reg-enforcement, Region Americas, Region US & Canada, x.doj

Former Twitter Employee 42 Prison Sentence for Acting as Foreign Agent, Selling User Data

Posted on By CorruptionLedger No Comments on Former Twitter Employee 42 Prison Sentence for Acting as Foreign Agent, Selling User Data

WASHINGTON – A California man was sentenced yesterday to 42 months in federal prison for his role in accessing, monitoring and conveying confidential and sensitive information that could be used to identify and locate Twitter users of interest to the Saudi Royal Family. Ahmad Abouammo, 45, formerly of Walnut Creek and currently residing in Seattle,…

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_enforcement, Surveillance & Privacy

Academy Mortgage Corporation to Pay $38.5 Million: False Claims Act Allegations Related to Mortgages Insured by Federal Housing Administration

Posted on By 5amResearch No Comments on Academy Mortgage Corporation to Pay $38.5 Million: False Claims Act Allegations Related to Mortgages Insured by Federal Housing Administration

Thrower alleged that from January 2008 through April 2017, Academy had an underwriting process that led employees to disregard FHA rules and falsely certify compliance with underwriting requirements. Thrower further alleged that, as a result of Academy’s knowingly deficient mortgage underwriting practices, the government paid insurance claims on loans improperly underwritten by Academy.

“Lenders that knowingly cause the government to guarantee loans that are materially deficient put both homeowners and the public fisc at risk,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “The settlement announced today is a result of the relator’s efforts to develop this case in litigation and complements the department’s actions to prevent abuse of government programs designed to foster home ownership.” 

_enforcement, All Regions, corporate corruption, Corruption, Economy, Enforcement Actions, Finance, reg-enforcement, Region Americas, Region US & Canada, x.doj

Meta Slapped with €265 Million for Privacy Violations

Posted on By 4am Research No Comments on Meta Slapped with €265 Million for Privacy Violations

On November 25, 2022, Ireland’s Data Protection Commission (“DPC”) released a decision fining Meta Platforms, Inc. (“Meta”) €265 million for a 2019 data leak involving the personal information of approximately 533 million Facebook users worldwide. In the decision, the DPC argued that Meta failed to comply with the GDPR’s requirement of providing privacy “by design…

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_enforcement, Enforcement Actions, regulatory compliance, Regulatory News, Surveillance & Privacy

Former VP and GM of New England Compounding Center Sentenced to Prison for Fraud

Posted on By CorruptionLedger No Comments on Former VP and GM of New England Compounding Center Sentenced to Prison for Fraud

BOSTON – A former co-owner of the now-defunct New England Compounding Center (NECC) was sentenced today in federal court in Boston in connection with conspiring to defraud the Food and Drug Administration (FDA). Gregory Conigliaro, 57, of Southborough, Mass. was sentenced by U.S. District Court Judge Richard G. Stearns to one year in prison and…

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_enforcement, health

OFAC And FinCEN Announce Enforcement Actions Against Bittrex

Posted on By 4am Research No Comments on OFAC And FinCEN Announce Enforcement Actions Against Bittrex

Please note that Bittrex is a crypto exchange / trading platform. Crypto exchanges are like merchants that sell and trade cryptocurrencies, while cryptocurrencies (like Monero, Bitcoin, ZCash, etc.) are the ‘products’ sold by the merchants. The failure of a merchant does not entail that there is a failure in the product. Cryptocurrency experts recommend that…

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_enforcement, banks, cryptocurrency, Enforcement Actions, monero (XMR)

EU’s 6th package of anti-Russian sanctions: oil embargo, banking bans, media bans

Posted on By 4am Research No Comments on EU’s 6th package of anti-Russian sanctions: oil embargo, banking bans, media bans

Jun 27, 2022. The European Union’s governing body has published a list of new sanctions against Moscow, accusing Russia of a “continuing war of aggression against Ukraine.” The sixth batch of restrictions since February contains a phased embargo on oil imports, restrictions against some Russian banks and broadcasters, and the blacklisting of people Brussels accuses…

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_enforcement, All Regions, banks, Enforcement Actions, Region Asias, Region Europe, Sanctions