investigations

Uber and Lyft to Pay $328 Million Settlement for Withholding Driver Pay
Uber and Lyft to Pay $328 Million Settlement for Withholding Driver Pay
November 02, 2023  |  Gig Economy

Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The...

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Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
October 26, 2023  |  Legal

Federal prosecutors rested their case against accused financial fraudster Sam Bankman-Fried on Thursday (Oct. 26). Now, nearly a full calendar year since his multibillion-dollar crypto...

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Snap Faces Potential Suspension of AI Chatbot in UK
Snap Faces Potential Suspension of AI Chatbot in UK
October 06, 2023  |  artificial intelligence

Snap has been issued with a preliminary enforcement notice by the U.K. Information Commissioner’s Office (ICO) over potential failure to properly assess the privacy risks posed by its...

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Jury Selection Completed in Sam Bankman-Fried Trial
Jury Selection Completed in Sam Bankman-Fried Trial
October 04, 2023  |  Legal

Jury selection has been completed in the criminal fraud trial of Sam Bankman-Fried, the co-founder of FTX cryptocurrency exchange.  The trial, which began Tuesday (Oct....

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Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
September 29, 2023  |  Legal

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated...

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SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
September 28, 2023  |  Bank Regulation

When Silicon Valley Bank (SVB) failed this spring, it shocked the market.  But while those economic and banking sector wobbles have since largely abated, the third-largest...

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Report: China Evergrande Chair Detained for Unspecified Crimes
Report: China Evergrande Chair Detained for Unspecified Crimes
September 28, 2023  |  International

China’s largest property development company has halted trading after its chairman was reportedly detained. As the Wall Street Journal reported Thursday (Sept. 28), law enforcement in China...

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FTC Suit Accuses Amazon of Running Illegal Monopoly
FTC Suit Accuses Amazon of Running Illegal Monopoly
September 26, 2023  |  Amazon

The Federal Trade Commission (FTC) has sued Amazon, charging the retail giant with “illegally [maintaining] its monopoly power.” The antitrust lawsuit, filed Tuesday (Sept. 26)...

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SEC: DWS Failed to Develop Anti-Money Laundering Program
SEC: DWS Failed to Develop Anti-Money Laundering Program
September 25, 2023  |  AML

DWS Investment Management Americas is facing two separate enforcement actions from the Securities and Exchange Commission (SEC). The SEC said in a news release Monday (Sept....

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