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Record fines for VW, employees indicted in scandal

Six high-level Volkswagen employees have been indicted, and the company has agreed to pay a record $4.3 billion dollar fine in its diesel emissions-cheating scandal. (Jan. 11)   &.....»»

Category: topSource: usatodayJan 11th, 2017

VW Pleads Guilty in Emissions Scandal; 6 Employees Indicted

Six high-level Volkswagen employees have been indicted by a grand jury in the company's diesel emissions cheating scandal, as the company admitted wrongdoing and agreed to pay a record $4.3 billion penalty.....»»

Category: topSource: abcnewsJan 11th, 2017

Volkswagen Pleads Guilty to Criminal Charges in Emissions Scandal

Six executives and employees were indicted for their roles in the cover-up (WASHINGTON)— Volkswagen is plead.....»»

Category: topSource: timeJan 11th, 2017

Record bribery ruling takes Odebrecht fines to $3.5bn

Latin America’s biggest construction company pleads guilty in Petrobras scandal.....»»

Category: topSource: ftDec 21st, 2016

Wells Fargo Scandal: How Politics Put the CEO’s Job in Jeopardy

Wells Fargo may have thought that firing 5,300 employees and paying $185 million in fines for opening some 1.5 million unauthorized accounts and filing 565,000 credit card applications without customers’ knowledge would make its scandal go away, but in .....»»

Category: topSource: yahooSep 18th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: topSource: moneycentralSep 14th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: videoSource: cnnSep 13th, 2016

5 facts about Takata"s airbag scandal

Scandal-plagued airbag maker Takata Corp. filed for bankruptcy in Delaware and Japan late Sunday, June 25, after paying out over $1 billion in fines for the largest auto safety recall in U.S. history.       &#.....»»

Category: topSource: usatoday20 hr. 4 min. ago

CEO of defunct Silicon Valley startup indicted for allegedly defrauding employees

The CEO and founder of Silicon Valley-based WrkRiot was charged with wire fraud for allegedly duping employees into working without pay. Isaac Choi, 36, allegedly lured staffers to join his Santa Clara company by providing misleading statements abou.....»»

Category: topSource: bizjournalsJun 8th, 2017

Justice Department Weighs In Against Wells Fargo in a Whistle-Blower Suit

The suit, which predates the sham-accounts scandal, involves two former bank employees who were fired after complaining about misdeeds they observed......»»

Category: dealsSource: nytJun 7th, 2017

Justice Department Weighs in Against Wells Fargo in a Whistle-Blower Suit

The suit, which predates the sham-accounts scandal, involves two former bank employees who were fired after complaining about misdeeds they observed......»»

Category: dealsSource: nytJun 6th, 2017

"Don"t Panic" Banco Popular Tells Employees After Stock Crashes Most On Record

It is increasingly likely that Italy (which has been busy bailing out various insolvent banks while pretending it isn't) won't be the first nation to try out Europe's new BRRD "bail-in" insolvency directive. Instead, that hon.....»»

Category: blogSource: zerohedgeJun 3rd, 2017

New York fines BNP Paribas $350 million in trading scheme

New York state regulators have fined French bank BNP Paribas $350 million, alleging bank employees for years manipulated global currency markets to benefit themselves at the expense of their customers......»»

Category: topSource: foxnewsMay 24th, 2017

Brazil"s President Tells Supreme Court To Suspend Corruption Probe Of Brazil"s President

In a move that will surely light the proverbial lightbulb over Donald Trump's head, Brazilian President Michel Temer, having been officially dragged into Brazil's massive corruption scandal after a record emer.....»»

Category: blogSource: zerohedgeMay 20th, 2017

Trump to Meet With Network News Anchors in Off-The-Record Lunch

The meeting follows a week of mounting scandal in the White House over the firing of FBI director James Comey......»»

Category: topSource: newsweekMay 18th, 2017

Tump to Meet With Network News Anchors In Off-The-Record Lunch

The meeting follows a week of mounting scandal in the White House over the firing of FBI director James Comey......»»

Category: topSource: newsweekMay 18th, 2017

UK accounting watchdog fines PwC record 5 million pounds

LONDON (Reuters) - Britain's accounting watchdog has fined PwC a record five million pounds ($6.5 million) over the way it checked the books of collapsed social housing maintenance company Connaught......»»

Category: topSource: reutersMay 11th, 2017

Market manipulation probe on Volkswagen CEO, chairman

The scandal has cost it 22.6 billion euros ($24.6 billion) in fines and other expenses so far.....»»

Category: topSource: business-standardMay 10th, 2017

South Korea: Polls begin to choose new president, record turnout expected

Former president Park Geun-Hye was ousted, detained and indicted for corruption.....»»

Category: topSource: business-standardMay 8th, 2017