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Published: 10 January 2021 10 January 2021
Washington, DC - The Justice Department announced the United States has collected $7 million of Iranian funds that will be allocated to provide compensation to American victims of international state-sponsored terrorism.
The funds are the United States’ share of a civil forfeiture investigation that is part of the government’s pursuit of a complex international conspiracy which spanned the globe. The conspiracy’s purpose was to violate the United States imposed international economic sanctions regime on Iran and included several Iranian nationals and others, who fraudulently transferred approximately $1 billion worth of Iranian-owned funds to accounts around the world.
US Department Of Justice: Deutsche Bank Agrees To Pay Over $130 Million To Resolve Foreign Corrupt Practices Act And Fraud Case Date
08/01/2021
Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738, and $43,329,622 to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.
Deutsche Bank is a multi-national financial services company headquartered in Frankfurt, Germany. The charges arise out of a scheme to conceal corrupt payments and bribes made to third-party intermediaries by falsely recording them on Deutsche Bank’s books and records, as well as related internal accounting control violations, and
Justice Department Seeks Forfeiture of Third Commercial Property Purchased with Funds Misappropriated from PrivatBank in Ukraine justice.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justice.gov Daily Mail and Mail on Sunday newspapers.
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Thousands of Bernie Madoff’s Ponzi Scheme victims will be receiving their portions of the latest distribution of nearly $500 million.
Acting U.S. Attorney for the Southern District of New York Audrey Strauss announced that the Madoff Victim Fund will be distributing approximately $488 million to more than 37,000 of his victims involved in the fraud scheme. To date, approximately $2.7 billion has been distributed to Madoff’s victims.
Strauss said that this sixth payment will bring the victims’ total recovery to 80.05 percent of their losses.
Ultimately, more than $4 billion will be returned due to losses suffered in Madoff’s Ponzi Scheme. An additional $5 billion in assets recovered by the U.S. Attorney’s Office are being separately paid to Madoff victims a separate fund administered by the Securities Investor Protection Act Trustee.