Tag: Settle

Crypto Firm BlockFi to Pay Record Penalty to Settle US SEC, State Charges

WASHINGTON—A subsidiary of crypto company BlockFi Inc. has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday. The charges come as U.S. regulators, worried…


UBS to Pay $55.7 Million to Settle Belgian Tax Evasion Case

ZURICH—Swiss bank UBS agreed to pay 49 million euros ($55.7 million) to settle a case of alleged tax evasion dating back to the period of 2005 to 2013, Belgian prosecutors said on Thursday. The settlement concerns the alleged presence in Belgium of UBS employees and the alleged facilitation of tax evasion for Belgian UBS clients,…