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Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC
Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: Cpsc Fitbit will pay more than $12 million for failing to promptly report that its Ionic smartwatches posed serious burn risks, officials said. Fitbit LLC, which is now owned by Google, has been fined $12.25 million to settle claims by the Consumer Product Safety Commission, the federal agency said in a news release on Thursday, Jan. 23. The defect caused the Ionic smartwatches to overheat, leading to second- and third-degree burns for some users. Between 2018 and 2020, Fitbit received multiple reports of its Ionic smartwatches overheating and injuring users, the CPSC said. In ear…

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by Chris Spiker
Business
NJ-Based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds NJ-Based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds
Nj-based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds TD Bank has agreed to pay about $3 billion in historic penalties after its relaxed policies allowed criminals to launder their money, authorities said. The Canadian bank with U.S. headquarters in Cherry Hill pleaded guilty to charges of conspiring to not maintain an anti-money laundering program that complies with the Bank Secrecy Act, filing inaccurate currency transaction reports, and laundering money, the Justice Department said in a news release on Thursday, Oct. 10. TD Bank will pay more than $1.8 billion to resolve the DOJ's investigation and $1.3 billion in a penalty f…

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by Chris Spiker