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Organization

U.S. Department of Justice

Federal department that enforces US law and brings federal criminal cases.

7 links, 7 backed by primary records

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Also known as
Department of Justice, Justice Department, DOJ

Connections 7

charged

dismissed a charge against

settled with

  • State Street Bank and Trust Company 26 Jul 2016 $155M, allegations that it deceived custody clients about foreign currency exchange prices Primary record 7

    A civil penalty, in the same $382.4 million settlement.

  • State Street Corporation 17 Jan 2017 $32.3M, deferred prosecution agreement, over secret commissions charged to transition management clients Primary record 18910

    The company agreed that the Information's allegations and the statement of facts are true and accurate. The term ran three years from the later of the filing or a monitor's retention, and its 2020 annual report says the monitor's term was extended to 2021.

  • State Street Corporation 13 May 2021 $115M, deferred prosecution agreement, over secret markups on expenses charged to custody clients Primary record 4

    The Justice Department reports the company's admissions in its release. The agreement also required a compliance monitor for two years.

Timeline 7 dates
  1. 26 Jul 2016 State Street Bank and Trust Company settled with U.S. Department of Justice
  2. 17 Jan 2017 State Street Corporation charged by U.S. Department of Justice
  3. 17 Jan 2017 State Street Corporation settled with U.S. Department of Justice
  4. 13 May 2021 State Street Corporation charged by U.S. Department of Justice
  5. 13 May 2021 State Street Corporation settled with U.S. Department of Justice
  6. 28 Jul 2022 State Street Corporation charge dismissed by U.S. Department of Justice
  7. 29 Feb 2024 State Street Corporation charge dismissed by U.S. Department of Justice
Proof 10 sources
  1. Deferred Prosecution Agreement, United States v. State Street Corporation (District of Massachusetts), U.S. Department of Justice, 17 Jan 2017. Primary record
    will file the attached one-count criminal Information in the United States District Court for the District of Massachusetts charging the Company with conspiracy to commit wire fraud and securities fraud, in violation of 18 U.S.C. Section 371.
    that the allegations described in the Information and the facts described in the attached Statement of Facts are true and accurate.
  2. United States v. State Street Corporation (Criminal Division, Fraud Section case page), U.S. Department of Justice, 11 Aug 2023. Primary record
    1:17-cr-10008-IT-1
  3. Information, United States v. State Street Corporation, Criminal No. 21cr10153 (District of Massachusetts), U.S. Department of Justice, 13 May 2021. Primary record
    Criminal No. 21cr10153 Violation: Count One: Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
  4. State Street Corporation to Pay $115 Million Criminal Penalty and Enter Into Deferred Prosecution Agreement in Connection With Scheme to Overcharge Custody Customers (press release), U.S. Department of Justice, 13 May 2021. Primary record
    State Street entered into a deferred prosecution agreement in connection with a criminal information charging the company with one count of conspiracy to commit wire fraud.
    entered into a deferred prosecution agreement and agreed to pay a $115 million criminal penalty to resolve charges that it engaged in a scheme to defraud a number of the bank’s clients by secretly overcharging for expenses related to the bank’s custody of client assets.
    According to State Street’s admissions, between 1998 and 2015, bank executives conspired to add secret markups to “out-of-pocket” (OOP) expenses charged to the bank’s clients
  5. United States v. State Street Corporation, 1:17-cr-10008 (D. Mass.): docket, CourtListener, from the court's PACER docket, 1 Aug 2022. Primary record
    DISMISSAL as to State Street Corporation
    Judge Indira Talwani: ORDER entered. DISMISSAL OF THE INFORMATION.
  6. United States v. State Street Corporation, 1:21-cr-10153 (D. Mass.): docket, CourtListener, from the court's PACER docket, 4 Mar 2024. Primary record
    Dismissal by Government
    Date Terminated: March 4, 2024
  7. State Street Bank to Pay $382 Million to Settle Allegations of Fraudulent Foreign Currency Exchange Practices (press release), U.S. Department of Justice, 26 Jul 2016. Primary record
    State Street will pay a total of $382.4 million, of which $155 million will be paid as a civil penalty to the United States
    State Street admitted that SSGM executed FX transactions by applying a predetermined, uniform mark-up
  8. State Street Corporation Agrees to Pay More than $64 Million to Resolve Fraud Charges (press release), U.S. Department of Justice, 18 Jan 2017. Primary record
    has entered into a deferred prosecution agreement and agreed to pay a $32.3 million criminal penalty to resolve the government’s criminal investigation into a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.
  9. State Street Corporation current report (Form 8-K) of January 18, 2017, State Street Corporation, 18 Jan 2017. Primary record
    a copy of such agreement (which was entered into on January 17, 2017)
  10. State Street Corporation annual report for 2020 (Form 10-K), State Street Corporation, 19 Feb 2021. Primary record
    under which we agreed to retain an independent compliance and ethics monitor for a term which has now been extended to 2021 (subject to further extension)
Page history 1 change
  1. Sprint 12: State Street, disputing a finding, holders by filing dateAlibek5075dda

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