Latest news with #deceptive practices
Wall Street Journal
7 days ago
- Business
- Wall Street Journal
Match Group Agrees to $14 Million Settlement on Deceptive Practices Complaint
Match Group MTCH 2.02%increase; green up pointing triangle will pay $14 million to the Federal Trade Commission to resolve a 2019 complaint involving deceptive practices. Under the settlement, Match Group Inc and Match Group LLC—the owners of online dating services such as and Tinder—agreed to permanently stop deceptive advertising, cancellation and billing practices, the FTC said Tuesday.
CNA
05-08-2025
- Business
- CNA
CEO of luxury car distributor charged over falsely trading company's shares
SINGAPORE: The chief executive officer of luxury car distributor Eurosports Global was charged on Tuesday (Aug 5) over the false trading of company shares. Goh Kim San, who is also executive chairman of the company, allegedly conducted trades in Eurosports Global shares between May 2015 and November 2020, despite knowing that these trades "would likely create a false or misleading appearance of active trading", said the police. Eurosports Global is a company listed on the Singapore Exchange. The 68-year-old also allegedly instigated two other individuals, Kan Chee Gian and Leo Chun Kong, to procure three nominee trading accounts to conduct these trades, without the authorisation of the trading firms. He is also accused of intentionally failing to give written notice to Eurosports Global of changes in his ownership of the company's shares arising from trades conducted in the three nominee trading accounts. Goh, 68, faces five counts of false trading, six counts of engaging in deceptive practices and eight amalgamated counts of failing to disclose his interest in Eurosports Global shares. On Tuesday, he did not indicate a plea and was granted bail. If convicted of false trading or engaging in deceptive practices, Goh could be jailed for up to seven years, fined up to S$250,000 (US$194,000), or both, for each charge. He may also be jailed for up to two years, fined up to S$250,000, or both, for each charge of failing to disclose an interest in Eurosports Global shares, if convicted.
