Largest South Korean Telecommunications Co. Agrees to Pay the SEC to Settle FCPA Charges

SEC

The Securities and Exchange Commission announced that Seoul-based KT Corporation (KT Corp.) will pay $6.3 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing improper payments for the benefit of government officials in Korea and Vietnam. read more »

Facebook whistleblower alleges executives misled investors about climate, covid hoaxes in new SEC complaints

WASHINGTON POST

A pair of whistleblower complaints filed with the Securities and Exchange Commission this month allege Facebook misled investors about its efforts to combat climate change and covid-19 misinformation, according to redacted copies of the documents viewed by The Washington Post. read more »

CFTC Charges Hedge Fund Manager with Fraudulent Scheme to Overvalue Investment Funds by $1 Billion

CFTC

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging James R. Velissaris of Atlanta, Ga. with fraud in connection with a multi-faceted scheme to overvalue the assets managed by his multi-billion dollar hedge fund. read more »

The great greenwashing scam: PR firms face reckoning after spinning for big oil

THE GUARDIAN

This week a peer-reviewed study confirmed what many have suspected for years: major oil companies are not fully backing up their clean energy talk with action. Now the PR and advertising firms that have been creating the industry’s greenwashing strategies for decades face a reckoning over whether they will continue serving big oil. read more »