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San Francisco, California - Nippon Chemi-Con was sentenced to pay a $60 million criminal fine for its role in a conspiracy to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere, the Department of Justice announced Wednesday. The $60 million fine is the largest fine imposed in the Justice Department’s investigation into collusion in the capacitors industry. In addition to the $60 million criminal fine, Nippon Chemi-Con was also sentenced to a five-year term of probation during which the company must implement an effective compliance program and submit annual written reports on its compliance efforts.
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- Category: News
Washington, DC - Attorney General Sessions Wednesday commemorated the reinvigoration of Project Safe Neighborhoods (PSN), the centerpiece of the Department of Justice’s violent crime reduction efforts. In support of the Department’s PSN programs throughout the country, the Attorney General also announced awards of almost $28 million in grant funding to combat violent crime through PSN and another $3 million for training and technical assistance to develop and implement violent crime reduction strategies and enhance services and resources for victims of violent crime. Over the past year, the Department has partnered with all levels of law enforcement, local organizations, and members of the community to reduce violent crime and make American neighborhoods safer.
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- Written by DOJ
- Category: News
Arlington, Virginia - A Saudi Arabian national living in Arlington, Virginia pleaded guilty today to downloading child pornography through the dark web.
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- Written by Alison Hunt
- Category: News
Washington, DC - The U.S. Food and Drug Administration today allowed marketing of a new device, the Bose Hearing Aid, intended to amplify sounds for individuals 18 years or older with perceived mild to moderate hearing impairment (hearing loss). This is the first hearing aid authorized for marketing by the FDA that enables users to fit, program and control the hearing aid on their own, without assistance from a health care provider.
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- Written by Patrick Nohe - The SSL Store
- Category: News
Washington, DC - Thursday morning Bloomberg released a report that detailed how Chinese spies had been inserting microchips no bigger than the size of rice on to SuperMicro motherboards. At least 30 companies and organizations that use those motherboards were affected. In many ways this epic failure in supply chain security feels like something out of a spy movie.
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- Written by John Grimaldi
- Category: News
Washington, DC - Recent reports of an increased rate of bankruptcies among America’s senior citizens provides a new incentive to prepare for retirement, according to Dan Weber, president of the Association of Mature American Citizens [AMAC].
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