Financial Crime Weekly: Updates on Price Fixing and Cybercrime
Friday, 6 September 2024, 12:03
Price Fixing by Glenmark Pharmaceuticals
Glenmark Pharmaceuticals Inc. USA, based in Mahwah, New Jersey, has agreed to pay $25 million for allegedly conspiring to fix the price of a generic drug. This case mirrors a growing trend of strict enforcement against price manipulation in the pharmaceutical industry.
International Propaganda and Cybercrime
Meanwhile, authorities have recently busted several Russians involved in propaganda efforts aimed at affecting public opinion globally. Additionally, reports highlight that a Nigerian individual must pay $5 million for orchestrating a phishing scheme.
Implications for Financial Markets
- Increased enforcement could reshape market strategies.
- Cybersecurity measures may need to tighten to counter phishing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.