Category: Justice Department

Biden Team to Counter Tech Espionage Unveils Cases Involving China and Russia

A new division set up by the government to pursue sanctions evasion and technology espionage announced arrests of individuals with ties to foreign governments.
British American Tobacco Pays U.S. $635 Million for North Korea Cigarette Scheme

Prosecutors in the United States said the firm secretly did business with North Korea through an intermediary, violating sanctions. The company apologized.
Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies

The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.
In Prosecution of Turkey’s Halkbank, Supreme Court Issues a Mixed Ruling

The justices rejected key arguments from Halkbank, which is owned by the Turkish government. But they told a lower court to revisit one possible defense.
Justice Department Recently Looked Into Twitter, Lawsuit Says

The focus of the inquiry was unclear, but several former executives said they had racked up more than $1 million in expenses dealing with it and other legal issues.
Just Dept. Sues Norfolk Southern Railroad East Palestine Train Fire

The New York Times – Business:
The lawsuit, seeking to claw back cleanup costs under the Clean Water Act, accuses the Georgia-based rail company of putting profits over safety.
Sandy Hook Families Are Fighting Alex Jones and the Bankruptcy System Itself

The New York Times – Business:
As the families seek more than $1.4 billion awarded by courts for Mr. Jones’s lies, a New York Times review shows he is transferring millions of dollars to family and friends, potentially out of reach of creditors.
The Cure Says Ticketmaster Will Issue Refunds After Fee Complaints

The New York Times – Music:
The band said it wanted to make its North American tour “affordable for all,” but after tickets went on sale this week, fans said that fees had ratcheted up the price.
Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists

The New York Times – Business:
The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
Finding a Buyer for TikTok May Not Be So Easy

The New York Times – Business:
The Biden administration is pushing TikTok’s Chinese owners to sell the app or face a possible ban. But there are many complications to finding a suitor.
Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

The New York Times – Business:
Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal

The New York Times – Business:
The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.