Panasonic to Pay $280M To Settle FCPA Foreign Bribery Charges
Posted 05/1/18
California-based Panasonic Avionics Corporation (PAC), a subsidiary of Japan-based electronics giant Panasonic Corporation, agreed to pay a $137.4 million criminal penalty to settle claims it violated the Foreign Corrupt Practices Act (FCPA). In a related settlement with the SEC, Panasonic agreed to pay $143 million for a total company payout of roughly $280 million. PAC designs and distributes in-flight...
By the C|C Whistleblower Lawyer Team
Today, the Commodity Futures Trading Commission (CFTC) announced charges against two individuals and four entities for engaging in a fraudulent scheme involving binary options and a virtual currency called “ATM Coin.” The CFTC also alleges that the defendants improperly accepted customer funds without first registering with the CFTC. Earlier this week, the United States...
By the C|C Whistleblower Lawyer Team
According to a whistleblower, Facebook 
By the C|C Whistleblower Lawyer Team
On Tuesday, attorneys delivered opening arguments in the trial of Benjamin Chow, a Chinese immigrant who has been charged with securities fraud in connection with Canyon Bridge Capital Partners’ failed $1.3 billion acquisition of Lattice Semiconductor Corp. Last year, the Trump Administration blocked the Chinese-backed private equity firm from buying the U.S.-based chipmaker,...
By the C|C Whistleblower Lawyer Team
Two founders of Centra Tech, a cryptocurrency firm that was endorsed by Floyd Mayweather, have been charged with carrying out a fraudulent $32 million initial coin (“ICO”) offering by the SEC. The co-founders of Centra, Sohrab Sharma and Robert Farkas, claimed to offer a debit card backed by Visa and Mastercard that allow people to convert cryptocurrency to U.S. dollars to...
By <the C|C Whistleblower Lawyer Team
Barclays will pay the United States two billion dollars to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Agreement has also been reached with two former Barclays executives who were named as...
The Securities and Exchange Commission yesterday announced its highest-ever 
By the C|C Whistleblower Lawyer Team
In a landmark settlement, the Securities and Exchange Commission (SEC) announced yesterday that it has charged New York Stock Exchange LLC (NYSE) and two affiliated exchanges in connection with five separate investigations into several regulatory failings, including the first ever charge based on a violation on Regulation Systems Compliance and Integrity (Reg SCI)...
The SEC's Jane Norberg, the CFTC's Christopher Ehrman and the IRS's Lee Martin will join Constantine Cannon Partner