The website of Lebanon-based newspaper Al Mustaqbal was hacked and replaced by a list of witnesses in the murder trial of former Prime Minister Rafik Hariri, reports The New York Times (NYT). The list reportedly included the names, pictures, professions and residence details of 167 witnesses that were to appear before the Special Tribunal for Lebanon in the murder trial.
The United States (US) Securities and Exchange Commission (SEC) has announced that a District Court judge has directed the return of over US$147 million in escrowed funds to Chinese investors in an allegedly fraudulent investment scheme that promised investors a chance to gain US residency through the EB-5 Immigrant Investor Pilot Program. In February 2013, the SEC charged Anshoo Sethi and two of his companies over the scheme to sell securities for the purported financing of the construction of a hotel and conference centre near O'Hare Airport.
United States (US) Attorney for the Southern District of New York (the US Attorney) Preet Bharara has announced that 34 members and associates of two Russian-American organised crime groups have been charged with offences including money laundering and in relation to illegal gambling. According to the indictment (undated), the organised crime groups operated at least two "sportsbooks" or international bookmaking organisations that "catered to multi-millionaires and billionaires in the US, Russia, and the Ukraine".
ThyssenKrupp AG announced its intent to boost its compliance program by establishing a whistleblower program after the company has faced a string of corruption cases recently. The company has started an amnesty program that guarantees workers exemption from punishment if they assist in exposing legal infringements and compliance violations.
Oil service company Parker Drilling Co. has agreed to pay $15.9 million to settle allegations it tried to bribe a Nigerian government official to reduce fines the company was facing. $11.8 million will go towards settling the Department of Justice’s charges that the company violated the Foreign Corrupt Practices Act and $4.1 million will go to settle a civil complaint filed by the Securities and Exchange Commission.
Prosecutors filed insider trading charges against former KPMG senior account executive Scott London. London’s co-conspirator Bryan Shaw was not criminally charged but was named in a related civil action taken by the Securities and Exchange Commission (SEC). Both men publicly confessed to their misconduct prior to the charges being filed.
The United States (US) Federal Trade Commission (FTC) has made available the FTC Highlights: April 2012 - March 2013 (updated 12 April 2013), which summarise the FTC's initiatives in areas including:
The Australian Securities and Investments Commission (ASIC) has made available a transcript of ASIC chairperson Greg Medcraft's speech Improving the global consistency of financial regulation (11 April 2013), delivered at the EuroFi High Level Seminar in Dublin, Ireland. In the speech, Mr Medcraft discusses the importance of consistency in global regulation, particularly with reference to financial services and markets regulation.
BBC News reports that several hard drives, containing email and home addresses, dates of birth and account activity, were stolen from the premises of video streaming website Vudu. Vudu chief technology officer Prasanna Ganesan reportedly stated that "[w]hile the stolen hard drives included Vudu account passwords, those passwords were encrypted".
Apple Inc (Apple) chief executive officer (CEO) Tim Cook has issued a formal apology for Apple's iPhone warranty and repair policies in China, reports Bloomberg. Reportedly, the apology came in response to criticism from Chinese media outlets "that Apple repaired broken iPhones instead of replacing them and that warranties weren't sufficiently long". According to AppleInsider, Chinese customers had complained that "[United States] customers with faulty phones receive a full replacement, while the same handsets in China were repaired with replacement parts".
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