Goldman Sachs and Apple have agreed to pay over $89 million to resolve allegations of misleading customers and mishandling disputes related to their Apple Card joint venture. The CFPB found that the companies engaged in unfair and deceptive practices, including failing to properly handle customer disputes and misrepresenting interest-free payment plans. This settlement highlights the ongoing scrutiny of big tech companies and their financial practices.
Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against Domino’s Pizza, Inc. after the company announced disappointing financial results and a significant reduction in its store growth forecast. Investors who suffered losses exceeding $100,000 in Domino’s stock between December 7, 2023 and July 17, 2024, are encouraged to contact the firm to discuss their legal options.
The former principal of RG Kar Medical College and Hospital, Sandip Ghosh, has been arrested by the CBI for alleged financial misconduct and his potential involvement in the rape and murder of a trainee doctor at the hospital. The arrest comes after a 15-day investigation and protests by junior doctors demanding justice. Ghosh is also under investigation for organ trafficking allegations.
Dolton, Illinois Mayor Tiffany Henyard is under fire for alleged financial misconduct and questionable spending habits. Her top aide, Lewis A. Lacey, was indicted on bankruptcy fraud charges, adding fuel to the fire. Former Chicago Mayor Lori Lightfoot, hired to investigate Henyard, revealed shocking financial irregularities, including excessive overtime pay for police officers and questionable spending on personal luxuries. The FBI is actively investigating Henyard, and her actions are raising concerns among residents about the financial stability of Dolton.
The Lulla brothers, Rajiv and Rahul (Sonny), are at the center of a major controversy surrounding Infrastructure India PLC (IIP), a company accused of financial mismanagement and misconduct. The brothers are alleged to have siphoned off millions of dollars, leaving the company on the brink of collapse. The accusations stem from an investigation into IIP’s financial dealings, which revealed a series of dubious transactions and inflated management fees. The investigation revealed a pattern of financial misconduct dating back to 2011, with the Lulla brothers using various entities to divert funds into their personal accounts.
