Search results for "DOJ"

U.S. DOJ to Seize $465 Million of Robinhood Shares Tied to Bankman-Fried

U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465 […]

Ericsson Informed U.S. DoJ in 2019 about Iraq Probe - Sources

Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 to settle separate corruption probes, sources familiar with the matter said. The Swedish company’s shares fell 14 percent on Wednesday over concerns that it might be subject to another […]

DOJ empowers False Claims Act, Federal contractors’ cybersecurity threat

U.S. Department of Justice (DOJ) disclosed on Wednesday intentions of implementing the False Claims Act as an additional measure to follow-up on cybersecurity cases intertwined with federal contractors playing a role in exposing the country’s security ecosystem to cybersecurity threats. Deputy Attorney General Lisa O. Monaco introduced this week the Civil Cyber-Fraud Initiative that will […]

Report: DOJ investigating Visa over debit card business

Visa is under investigation by the Department of Justice’s antitrust division over whether the company pushes merchants into more expensive forms of debit card payments, The Wall Street Journal reported Friday. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited […]