Corporate crime

FTC to Ramp Up Law Enforcement Against Illegal Repair Restrictions

Retrieved on: 
Saturday, July 24, 2021
Corporate crime, Federal Trade Commission, Consumer protection, Competition law, Economy, Business law, United States antitrust law, Unfairness doctrine

The Federal Trade Commission today unanimously voted to ramp up law enforcement against repair restrictionsthat prevent small businesses, workers, consumers, and even government entities from fixing their own products.

Key Points: 
  • The Federal Trade Commission today unanimously voted to ramp up law enforcement against repair restrictionsthat prevent small businesses, workers, consumers, and even government entities from fixing their own products.
  • By enforcing against restrictions that violate antitrust or consumer protection laws, the Commission is taking important steps to restore the right to repair.
  • The FTC has a range of tools it can use to root out unlawful repair restrictions, and todays policy statement would commit us to move forward on this issue with new vigor.
  • In the policy statement, the Commission said it would target repair restrictions that violate antitrust laws enforced by the FTC or the FTC Acts prohibitions on unfair or deceptive acts or practices.

Statement on Behalf of Former FirstEnergy CEO Chuck Jones Regarding Company’s Deferred Prosecution Agreement

Retrieved on: 
Friday, July 23, 2021
Professional services, Other Communications, Communications, Other Energy, Nuclear, Utilities, Oil, Gas, Other Professional Services, Coal, Legal, Energy, Corporate crime, FirstEnergy, Companies, Economy of the United States

The following is a statement from Ripp Media on behalf of Former FirstEnergy CEO Chuck Jones:

Key Points: 
  • The following is a statement from Ripp Media on behalf of Former FirstEnergy CEO Chuck Jones:
    Mr. Jones did not engage in any unlawful activity or violate any of FirstEnergys policies.
  • Mr. Jones also believes that no other FirstEnergy employee engaged in unlawful activities in their dealings with government officials.
  • Mr. Jones did not make or authorize any payment of any money to any public official in exchange for any official act.
  • Mr. Jones is very disappointed that FirstEnergy would falsely implicate so many hard working and dedicated employees in wrongdoing who were committed to implementing the Boards stated goals.

FirstEnergy Names Soubhagya Parija Vice President and Chief Risk Officer

Retrieved on: 
Thursday, July 22, 2021
Corporate crime, FirstEnergy, Vice president, Companies, Business, Economy

AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that Soubhagya Parija has been named vice president and chief risk officer, effective August 16.

Key Points: 
  • AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that Soubhagya Parija has been named vice president and chief risk officer, effective August 16.
  • Soubhagya will report to Jon Taylor, senior vice president and chief financial officer.
  • Soubhagya joins other new members of FirstEnergy's leadership team who have been added in recent months, including Hyun Park, senior vice president and chief legal officer, Antonio Fernndez, vice president and chief ethics and compliance officer, and Michael Montaque, vice president, internal audit.
  • From 2015 to earlier this year, he served as senior vice president and chief risk officer at the New York Power Authority, the nation's largest state-owned utility.

CURevl Announces New Product Launch with FRB Federal Credit Union

Retrieved on: 
Thursday, July 22, 2021
Economy, Consumer Financial Protection Bureau, Corporate crime, Credit union, Service industries, Articles

CURevl leverages its proprietary technology and industry experience to create products as individual as each credit union.

Key Points: 
  • CURevl leverages its proprietary technology and industry experience to create products as individual as each credit union.
  • "CURevl is honored to be a partner of FRBFCU serving the Federal Reserve Board and CFPB employees and their families," said Tim Kulesha, COO at CURevl.
  • "Our origination system makes it quick and easy to launch a new product that is aimed at bringing new members to the credit union."
  • "We are very excited to offer excellent student loan options to our members" said Theresa Trimble, CEO of FRB Federal Credit Union.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against RenovaCare, Inc. (RCAR)

Retrieved on: 
Thursday, July 22, 2021
Legal, Professional services, Corporate crime, Financial markets, Corruption, Fraud, Securities fraud, Class action, U.S. Securities and Exchange Commission, Security, Finance, Crime

Investors suffering losses on their RenovaCare investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

Key Points: 
  • Investors suffering losses on their RenovaCare investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

FirstEnergy Corp. Statement

Retrieved on: 
Thursday, July 22, 2021
Corporate crime, FirstEnergy, Software, Operating systems, Technology, Twitter, Midwest Airlines, Reliability engineering

FirstEnergy Corp. used the 501(c)(4) corporate form as a mechanism to conceal payments for the benefit of public officials and in return for official action.

Key Points: 
  • FirstEnergy Corp. used the 501(c)(4) corporate form as a mechanism to conceal payments for the benefit of public officials and in return for official action.
  • FirstEnergy is dedicated to integrity, safety, reliability and operational excellence.
  • The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.
  • Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com .

FirstEnergy Reaches Agreement to Resolve Department of Justice Investigation

Retrieved on: 
Thursday, July 22, 2021
Corporate crime, FirstEnergy, Companies, Economy of the United States, Energy in the United States

AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that it has entered into an agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the previously disclosed investigation.

Key Points: 
  • AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that it has entered into an agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the previously disclosed investigation.
  • We thank the office of the United States Attorney for the Southern District of Ohio for its professionalism and engagement with FirstEnergy throughout this process."
  • Under the three-year deferred prosecution agreement, FirstEnergy has agreed to pay a penalty of $230 million, and has agreed to the government's filing of a single charge of conspiracy to commit honest services wire fraud.
  • The charge will be dismissed, provided FirstEnergy abides by all terms of the agreement.

RENOVACARE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against RenovaCare, Inc. and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, July 20, 2021
Legal, Professional services, Corporate crime, Stock market, Financial markets, U.S. Securities and Exchange Commission, Finance, Security, Securities fraud, Economy, Grant & Eisenhofer, Madoff investment scandal

Investors have until September 14, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until September 14, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • RenovaCare is a development stage company that has not generated any revenue since its inception and has no commercialized products.
  • On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RenovaCare, Inc. (RCAR)

Retrieved on: 
Monday, July 19, 2021
Corporate crime, Civil law, Class action, U.S. Securities and Exchange Commission, Securities fraud, Crime

On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.

Key Points: 
  • On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq.
  • of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected] .

Medigus Ltd. Signs Non-Binding LOI to Acquire Controlling Interest in B2B/B2C Electronics Wholesale Distributor

Retrieved on: 
Monday, July 19, 2021
Corporate crime, U.S. Securities and Exchange Commission

Medigus continues to target candidates with strong fundamentals and a solid infrastructure in sectors where it believes its expertise can provide real value.

Key Points: 
  • Medigus continues to target candidates with strong fundamentals and a solid infrastructure in sectors where it believes its expertise can provide real value.
  • This potential acquisition will expand Medigus' online platform and may lead to collaborations between Medigus subsidiaries using their vast online sales capabilities.
  • Medigus Ltd. is a technology-based company engaged in advancing innovative solutions for large-scale market applications through investment, partnership and joint ventures.
  • Other risk factors affecting Medigus are discussed in detail in Medigus filings with the Securities and Exchange Commission.