Williams-Sonoma must pay a penalty of $3.175 M for passing off Chinese-made products as made in the U.S. violating a Federal Trade Commission administrative rule.
The products were sold under Williams-Sonoma brands and they included Pottery Barn, West Elm, and Rejuvenation. As part of the $3,175,387...
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US is granting Micron $6 Billion for semiconductor project in upstate New York
The US is granting $6.1 billion to Micron Technology for a major prohect in upstate New York that could bring an economic boost to the region and dramatically boost domestic U.S. semiconductor chip production to compete with China. Micron plans to invest about $100 billion...
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China gets high end Nvidia advanced artificial intelligence chips through Super Micro, Dell servers despite US export sanctions
Chinese research institutes recently acquired high-end Nvidia artificial intelligence chips through resellers. According to Reuters 10 Chinese entities obtained advanced Nvidia chips in server products made by Super Micro Computer Inc, Dell technologies and Taiwan's Gigabyte technology Inc The chips acquired are apparently some...
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US DOJ intervenes in its first False Claims Act cybersecurity case
The United States Department of Justice notified the U.S. District Court for the Northern District of Georgia that it is intervening in a False Claims Act case filed against Georgia Tech Research Corporation (Georgia Tech) by its Associate Director of Cybersecurity and former Principal Information Security Engineer (the...
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U.S. fines SCG plastics Thai company $20 million over Iran sanctions using U.S. financial system
SCG Plastics, a Thai company will pay about $20 million to settle allegations it used the U.S. financial system to receive hundreds of millions of dollars for products made in Iran, in violation of U.S. sanctions, according to the Wall street Journal.https://www.wsj.com/articles/u-s-fines-thai-company-scg-plastics-20-million-over-alleged-iran-sanctions-violations-537df255?mod=hp_minor_pos10
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Columbian national extradited from Chile to the US for kidnapping and assaulting U.S. Army soldiers in Columbia
A Colombian national was extradited from Chile to the United States yesterday to face charges related to kidnapping and assaulting two U.S. Army soldiers who were on temporary duty in Bogota, Colombia.
Pedro Jose Silva Ochoa, also known as...
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Justice Department to offer some executives and others immunity for revealing corporate illegalities in new whistleblower rewards program
The Department of Justice criminal division will give a grant of immunity to certain executives and other employees who render information about corporate illegality--even if they were involved in the wrongdoing. The program, which is effective as of April 15, has no set time frame for expiration.
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International arms dealers charged with conspiring to unlawfully export weapons from US to Sudan and Iraq
An indictment was unsealed yesterday charging Syria national Mohamad Deiry and Lebanese national Samer Rayya, both principals of an Iraq-based arms company, Black Shield Ltd., with conspiring to export munitions from the United States to Sudan and Iraq without the necessary licenses and approvals, in violation of the...
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Dutch chipmaker Nexperia hacked by cyber criminals
Dutch-headquartered chipmaker Nexperia was victim of a hacking attack by cyber criminals last month, the Chinese-owned company said on Friday, and was investigating the incident with the help of outside specialists. According to RTL, the stolen information include trade secrets, chip designs,...
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SEC charges five investment advisors for marketing violations
The Securities and Exchange Commission today announced settled charges against five registered investment advisers for Marketing Rule violations. All five firms have agreed to settle the SEC’s charges and to pay $200,000 in combined penalties.
The...
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