Legal & Regulatory

Singapore: Company Founded by Teen Hit With Penalty for Receiving Scam Funds

A firm established by an 18-year-old was fined $50,000 for receiving $1.5 million fraud money in a bank account.


Retail Giants Like T.J. Maxx Report Multiple Theft Cases From Organized Crime Rings

Retail giants face a growing threat from sophisticated organized crime rings, exemplified by a San Diego businesswoman's lucrative scheme involving stolen cosmetics sold on Amazon, prompting heightened security measures.

Ford to Pay $365 Million to Settle US Import Tariff Evasion Case

Ford Motor has agreed to pay $365 million to settle the US government's allegations that it violated a federal tariff law.

'Whatever It Takes:' US Commerce Secretary Raimondo Signals Tougher Restrictions on China's Chip Access

US Commerce Secretary aims to restrict China's access to advanced semiconductor tech for military use. Biden administration considers new curbs on Chinese firms.


Latest News

Nvidia is facing a lawsuit filed by three authors alleging unauthorized use of their copyrighted works to train its NeMo AI platform.
US lawmakers are now scrutinizing the claims that SpaceX's Starlink service is being used in Russia.
Meta might be penalized by South Korea's antitrust office for allegedly failing to protect local consumers on its Facebook and Instagram marketplaces against fraudulent transactions.
Former President Donald Trump was ordered to pay six-figure legal fees to a British company he sued over claims in the "Steele dossier."
President Joe Biden announced plans to increase taxes on big corporations and wealthy Americans during his State of the Union address on Thursday night.
A controversial bill that could potentially block TikTok in the United States (US) was unanimously approved by a bipartisan panel of lawmakers.
An ex-Google software engineer was charged with stealing AI trade secrets from the company to pass on to two Chinese companies.
Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.
Apple has terminated Epic Games' developer account launched in an app store for iPhones in Europe, according to Epic Games CEO Tim Sweeney.
The US Department of Justice reportedly spends $1 million monthly on the Amadea, a $230 million mega yacht seized from Russian mogul Suleiman Kerimov.
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