Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges

Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than...

Sony fined $2.4 million over illegal return policy in Australia

Four PlayStation users in Australia contacted Sony Europe, believing that their downloaded games were faulty. Sony told those customers that the company did not have to refund them once a game was downloaded, or after 14 days had passed. That goes ag...

Apple hit with record-breaking $1.2 billion antitrust fine in France

Apple has been hit with a record-breaking fine for antitrust practices. French competition authority Autorité de la Concurrence has found Apple and its wholesale distribution partners Ingram Micro and Tech Data guilty of running a cartel for A...

FCC proposes token fines for carriers that sold phone location data

The rumors were true: the FCC wants to fine major carriers for their approach to selling phone location data. The regulator has proposed a total of $208 million in fines against the top four US carriers for reportedly selling access to location info...