Category: corporate corruption

Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds. The settlement announced late Monday is also related to the firm’s failure to adopt policies and procedures designed to prevent and detect…

The video, seen below, shows a shooter assassinating UnitedHealthcare CEO, Brian Thompson, outside a Manhattan hotel. The manhunt for the shooter is still underway 3 days later. News outlets have been irresponsibly posting images of a suspect wearing similar clothing, but who can be seen to be wearing a different jacket and carrying a dark backpack. The shooter’s backpack is…

(Reuters) – A federal judge in Texas on Friday rejected a request by the Consumer Financial Protection Bureau to lift an order that blocked a new rule capping credit card late fees at $8, a policy challenged by business and banking groups. U.S. District Judge Mark Pittman in Fort Worth declined to dissolve an injunction he issued in May that…

BOISE, Idaho (AP) — The Associated Press and two other news organizations are suing Idaho’s top prison official for increased access to lethal injection executions, saying the state is unconstitutionally hiding the actual administration of the deadly drugs from public view. The AP, The Idaho Statesman and East Idaho News filed the lawsuit against Idaho Department of Correction Director Josh…

NEW YORK – A former Allianz fund manager was spared prison time on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, pleaded guilty in June to two counts of investment adviser fraud. He agreed to give up…

The White House is listening to demands for President Joe Biden to extend the same grace to thousands of people wronged by the U.S. judicial system as he did to his son Hunter, officials say. Since Biden’s pardon of Hunter on Sunday, a growing chorus of civil rights activists and lawmakers have called for broader clemency for other people they…

As the investigation into a masked gunman who stalked and killed the head of one of the largest U.S. health insurers moved into its third day Friday, possible leads emerged about his travel before the shooting and a message scrawled on ammunition found at the crime scene. UnitedHealthcare CEO Brian Thompson was killed in a dawn ambush Wednesday as he…

This piece was first published by CBC in 2017. It’s one of the most valuable and secretive technology companies in Silicon Valley: Palantir Technologies, a developer of data mining software used by spies, banks and some of the biggest companies in the world. The company was co-founded in 2004 by billionaire Peter Thiel — previously the co-founder of PayPal — and now an…

Since rumors began to spread that a startup called Palantir helped to kill Osama bin Laden, Alex Karp hasn’t had much time to himself. On one sun-baked July morning in Silicon Valley Palantir’s lean 45-year-old chief executive, with a top-heavy mop of frazzled hair, hikes the grassy hills around Stanford University’s massive satellite antennae known as the Dish, a favorite…

MEXICO CITY – Mexico’s Senate on Thursday passed a measure to abolish the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that has sparked outcry from the opposition and industry. Lawmakers in the upper chamber voted on the proposal’s general terms with 86 in favor and 42 against, with nearly the same tally coming in…

NEW YORK – Huawei Technologies asked a US judge to dismiss much of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from US rivals and misleading banks about its business in Iran. In a Friday night filing in federal court in Brooklyn, Huawei said there was no proof of a conspiracy, calling the charge…

Global financiers are poised to flock to Saudi Arabia’s annual flagship investment conference next week as a tightening of the kingdom’s purse strings and a deepening of regional conflict cloud the outlook. Among those expected to descend on the Future Investment Initiative (FII) in Riyadh are top CEOs, including Goldman Sachs’ David Solomon, BlackRock’s Larry Fink, Citigroup’s Jane Fraser and…

E. coli food poisoning linked to McDonald’s Quarter Pounder hamburgers has sickened at least 49 people in 10 states, including one person who died and 10 who were hospitalized, federal health officials said Tuesday. The death was reported in an older person in Colorado, and one child has been hospitalized with severe kidney complications, the U.S. Centers for Disease Control…

President Volodymyr Zelensky on Oct. 22 issued a decree to liquidate medical examination commissions for determining the severity of disabilities by Dec. 31. The decree was released after a meeting of the National Security and Defense Council (NSDC), which on Oct. 22 discussed violations at medical examination commissions and the fraudulent acquisition of disability status by officials through corruption schemes. Obtaining disability status…

A federal grand jury in the District of Columbia returned an indictment yesterday charging a Maryland man with major fraud against the United States and making false statements to the U.S. Securities and Exchange Commission (SEC) for his alleged participation in a scheme to deceive the SEC into thinking his company’s data center was certified at the highest rating level…

According to a report from the Financial Crimes Enforcement Network (FinCEN) on Oct. 10th, TD Bank’s U.S. wing agreed to pay over $3 billion in penalties. The fine was for failing to properly monitor money laundering activities. The bank has also accepted limits on its future growth in the U.S. FinCEN found that TD Bank facilitated over $1 billion in…