Tag: CorporateCrime
Five top tech firms face lawsuit over child death in DRC
Democratic Republic of the Congo, December 18, 2019 — cyberinktimes.com — USA’s technology giants Apple,
Dell, Google, Microsoft, and Tesla were recently sued over the...
Samsung Chairman sentenced to 18 months in prison for union sabotage
Samsung's top executive found guilty of tracking union members' personal information and strategically undermining labor group negotiations to close subcontracting firms with active unions.
Apple Dell Google Microsoft Tesla Sued Over Congo Child Cobalt Deaths
In the Democratic Republic of the Congo, children as young as six descend hand-dug shafts that plunge 30 meters underground. They bag cobalt-rich rocks, drag th
Ex-Indian President Alarmed by Bank Scandal Surge
India's former President Pranab Mukherjee expressed alarm on August 26, 2019, over the rise of bank scandals in the country, which he believes are shaking…
Payroll firm probed for hiding tax payments
Elkhart, August 26, 2019 — cyberinktimes.com —
Another financial sector is under fire for its own financial scandal. The payroll processing industry is being...
Union President arrested amid conspiracy charge
Massachusetts, August 26, 2019 — cyberinktimes.com — Massachusetts State Police Union Ex-President and a Beacon Hill lobbyist were separately arrested at their homes for...
RAM Ponzi victims go after New Zealand ANZ Bank
Wellington, August 26, 2019 — cyberinktimes.com —
Victims of the Ross Asset Management ponzi scheme have been
given the green light to pursue a mutli-million-dollar...
European Raiffeisen Bank International and Danske Bank investigated for money laundering
Austria, August 22, 2019 — cyberinktimes.com —
The continuing bank scandal that hit Deustche Bank has now
expanded to two more European banks. Austria Raiffeisen...
EU Member Brussels to revive blacklist money laundering states
Brussels, August 22, 2019 — cyberinktimes.com —
Brussels is set to reintroduced a blacklist of non-EU
countries that are tied to money laundering that was...
U.S. Bancorp Pays $613M Over Bank Secrecy Act Breach
U.S. Bancorp’s February 2018 settlement is not a small fine. It is a $613 million admission — or at least a legal agreement — that the bank failed to follow the
Wells Fargo Fined $185M for Millions of Fake Accounts
For thousands of Wells Fargo customers, the bank card that arrived in the mail was a surprise. They never asked for it. They never applied for a line of credit.
BNP Paribas Pleads Guilty to Sanctions Violations
On this day, July 4, 2014, French multinational bank BNP Paribas has agreed to a guilty plea for processing transactions for Sudan, Iran, and Cuba,...
Barclays Fined £290M for Libor Manipulation
Libor is a number. A single, small number — a fraction of a percentage point. But that number sits underneath $350 trillion in financial contracts. Derivatives,
Wachovia Fined $160M for Drug Cartel Laundering
In 2008, Wachovia was a failing bank. The government forced a sale to Wells Fargo. Two years later, a federal deferred-prosecution agreement revealed why the co
