Imperial Valley News Center
Department of Justice Opens Review of Paramount Consent Decrees
- Details
- Written by Imperial Valley News
Hollywood, California - As part of The Department of Justice’s review of nearly 1,300 legacy antitrust judgments, the Antitrust Division Thursday announced that it has opened a review of the Paramount Consent Decrees, which for over seventy years have regulated how certain movie studios distribute films to movie theatres. The purpose of the review is to determine whether or not the decrees should be terminated or modified.
New York Man Charged With Theft of General Electric Trade Secrets
- Details
- Written by DOJ
New York - Xiaoqing Zheng, 55, of Niskayuna, New York, was arrested Wednesday in connection with a criminal complaint charging him with stealing trade secrets belonging to General Electric (GE).
Business Executive Arrested on Foreign Bribery Charges in Connection With Venezuela Bribery Scheme
- Details
- Written by Justice Department
Miami, Florida - A dual U.S.-Venezuelan citizen who controlled multiple companies was arrested Tuesday on foreign bribery charges for conspiring to make, and making, corrupt payments to an official of Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA), in exchange for favorable business treatment with PDVSA.
Three Members of Notorious International Cybercrime Group “Fin7” In Custody for Role in Attacking Over 100 U.S. companies
- Details
- Written by IVN
Seattle, Washington - Three high-ranking members of a sophisticated international cybercrime group operating out of Eastern Europe have been arrested and are currently in custody facing charges filed in U.S. District Court in Seattle, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, U.S. Attorney Annette L. Hayes for the Western District of Washington and Special Agent in Charge Jay S. Tabb Jr. of the FBI Seattle Field Office.
Wells Fargo Agrees to Pay $2.09 Billion Penalty for Allegedly Misrepresenting Quality of Loans Used in Residential Mortgage-Backed Securities
- Details
- Written by DOJ
Washington, DC - The Justice Department announced Wednesday that Wells Fargo Bank, N.A. and several of its affiliates (Wells Fargo) will pay a civil penalty of $2.09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income information and did not meet the quality that Wells Fargo represented. Investors, including federally insured financial institutions, suffered billions of dollars in losses from investing in residential mortgage-backed securities (RMBS) containing loans originated by Wells Fargo.
Departments of Justice and Labor Formalize New Partnership to Protect U.S. Workers From Discrimination and Combat Visa Abuse
- Details
- Written by IVN
Washington, DC - Tuesday, the Department of Justice’s Civil Rights Division and the Department of Labor (DOL) expanded their collaboration to better protect U.S. workers from discrimination by employers that prefer to hire temporary visa workers over qualified U.S. workers. This new partnership, memorialized in a Memorandum of Understanding (MOU), establishes protocols for the agencies to share information, refer matters between them, and train each other’s employees, with the goal of better protecting U.S. workers. This partnership will enhance the Civil Rights Division’s efforts to stop companies from discriminating against U.S. workers and assist the Department of Labor’s Employment and Training Administration in identifying noncompliance with its foreign labor certification process.
Page 1178 of 3785