Category: _enforcement

US / SEC sues Coinbase and Binance, files motion to freeze Binance assets

Posted on By 5amResearch No Comments on US / SEC sues Coinbase and Binance, files motion to freeze Binance assets

The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The US Securities and Exchange Commission (SEC) on Monday…

more “US / SEC sues Coinbase and Binance, files motion to freeze Binance assets” »

_enforcement, Business & Economy, Censorship Free Speech, Compliance, Corruption, cryptocurrency, Enforcement Actions, enforcement archive, government corruption, Investigations, Ledger of Lies, Spotlight, Tech

Italian police search former defense exec’s home in corruption probe

Posted on By CorruptionLedger No Comments on Italian police search former defense exec’s home in corruption probe

ROME — Magistrates in Italy are probing former Leonardo and Fincantieri officials as part of an investigation into alleged corruption. Police removed computer files from the homes of ex-Leonardo CEO Alessandro Profumo and a former Italian Italian prime minister, Massimo D’Alema, and are probing former Fincantieri executive Giuseppe Giordo amid claims bribes were offered to…

more “Italian police search former defense exec’s home in corruption probe” »

_enforcement, corporate corruption, Corruption, Crime, Defense and National Security, Enforcement Actions, enforcement archive, government corruption, Investigations, Ledger of Lies, Spotlight

CEO guilty of selling counterfeit Cisco devices to military, govt orgs

Posted on By 5amResearch No Comments on CEO guilty of selling counterfeit Cisco devices to military, govt orgs

A Florida man has pleaded guilty to importing and selling counterfeit Cisco networking equipment to various organizations, including education, government agencies, healthcare, and the military. The 39-year-old resident of Florida, Onur Aksoy, conducted the scheme through 19 companies formed in New Jersey and Florida and in several online storefronts, collectively known as ‘Pro Network Entities,’ …

more “CEO guilty of selling counterfeit Cisco devices to military, govt orgs” »

_enforcement, Crime, Enforcement Actions, enforcement archive, Tech, x.tech, z-Exclude

Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules

Posted on By 5amResearch No Comments on Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules

NEW YORK, May 30 (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said that…

more “Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules” »

_enforcement, Business & Economy, corporate corruption, Corruption, Crime, Enforcement Actions, enforcement archive, government corruption, health, Investigations, Lawsuits, Ledger of Lies, Misinformation, Spotlight, zz

Meta fined record $1.75 billion for violating EU data privacy rules

Posted on By 5amResearch No Comments on Meta fined record $1.75 billion for violating EU data privacy rules

LONDON – Meta on Monday was fined a record 1.2 billion euros (S$1.75 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the social media giant for violating European Union (EU) data protection rules. The penalty, which eclipses a 746 million euro…

more “Meta fined record $1.75 billion for violating EU data privacy rules” »

_enforcement, Business & Economy, Compliance, corporate corruption, Corruption, Enforcement Actions, enforcement archive, Regulatory News, Spotlight, Surveillance & Privacy, x.straitsTimes

The government can’t seize your data — but it can buy it

Posted on By 5amResearch No Comments on The government can’t seize your data — but it can buy it

Adam Kovacevich Contributor Adam Kovacevich is the CEO and founder of a center-left tech industry coalition called Chamber of Progress and has worked at the intersection of tech and politics for 20 years, leading public policy at Google and Lime and serving as a Democratic Hill aide. When the Biden administration proposed new protections earlier…

more “The government can’t seize your data — but it can buy it” »

_enforcement, banks, Business & Economy, Compliance, corporate corruption, Corruption, Crime, enforcement archive, government corruption, Investigations, Lawsuits, Leaks, Ledger of Lies, Protest and Unrest, Spotlight, Surveillance & Privacy, Tech, x.tech

Deutsche Bank to pay $75 million to Epstein victims

Posted on By CorruptionLedger No Comments on Deutsche Bank to pay $75 million to Epstein victims

LONDON (AP) — Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier. A woman only identified as Jane…

more “Deutsche Bank to pay $75 million to Epstein victims” »

_enforcement, banks, Business & Economy, corporate corruption, Corruption, enforcement archive, Lawsuits, Spotlight, x.yahoo, z-Exclude

Deutsche Bank to pay $100.7m to settle Jeffrey Epstein accusers’ suit: WSJ

Posted on By 5amResearch No Comments on Deutsche Bank to pay $100.7m to settle Jeffrey Epstein accusers’ suit: WSJ

BENGALURU – Deutsche Bank has agreed to pay US$75 million (S$100.6 million) to settle a proposed class-action lawsuit alleging the lender facilitated the late Jeffrey Epstein’s sex-trafficking ring, The Wall Street Journal reported late on Wednesday, citing lawyers who sued the bank on behalf of alleged victims.

The suit was filed in 2022 in New York by an anonymous woman on behalf of herself and other accusers, alleging Deutsche Bank did business with Epstein for five years knowing he was engaged in sex-trafficking activity, the report said.

Deutsche Bank did not immediately reply to a Reuters’ request for comment. REUTERS

_enforcement, banks, Business & Economy, corporate corruption, Corruption, enforcement archive, Ledger of Lies, Spotlight, x.straitsTimes

Wells Fargo to pay $1.3 billion in class-action lawsuit

Posted on By 5amResearch No Comments on Wells Fargo to pay $1.3 billion in class-action lawsuit

SAN FRANCISCO – Wells Fargo & Co agreed to pay US$1 billion (S$1.3 billion) to settle a shareholder lawsuit that accused it of making misleading statements about its compliance with United States consent orders, following the 2016 scandal involving the opening of unauthorised customer accounts. The settlement is one of the top six largest securities…

more “Wells Fargo to pay $1.3 billion in class-action lawsuit” »

_enforcement, banks, Business & Economy, corporate corruption, Corruption, enforcement archive, government corruption, Spotlight, x.straitsTimes

Sudan’s military chief freezes bank accounts of rival paramilitary group amid truce attempts

Posted on By CorruptionLedger No Comments on Sudan’s military chief freezes bank accounts of rival paramilitary group amid truce attempts

CAIRO (AP) — Sudan’s military chief has ordered the freezing of all bank accounts belonging to a rival paramilitary force. The two sides have battled for weeks across Sudan, pushing the troubled country to the brink of all-out war.

The decree, issued on Sunday by Gen. Abdel Fattah Burhan, will target the official accounts of the Rapid Support Forces in Sudanese bank, as well as the accounts of all companies belonging to the group, the state news agency SUNA reported.

It remains unclear what immediate effect the freezing would have on the RSF and how Burhan’s orders are to be enforced.

The military chief also announced the replacement of the governor of Sudan’s Central Bank, a move likely tied to the freezing decree. Over the past decade, the RSF amassed great wealth through the gradual acquisition of Sudanese financial institutions and gold reserves.

_enforcement, banks, Business & Economy, enforcement archive, International Conflict, war, x.yahoo, z-Exclude