By Jaclyn Jaeger2024-05-07T10:50:00
Companies and individuals who misuse artificial intelligence (AI) to advance corporate crime efforts should be prepared to face the consequences, officials at the Department of Justice (DOJ) have warned.
The agency will also pay closer attention to how companies mitigate AI-related risks as part of their compliance efforts.
“The DOJ, along with a number of other federal agencies, has put a stake in the ground to say they are going to be active in the AI space,” said Eric Vandevelde, a partner at Gibson Dunn and co-chair of the law firm’s AI practice group.
2024-06-12T22:14:00Z By Adrianne Appel
The former chief executive officer of closed AI recruitment startup Joonko faces up to 40 years in prison and the potential of penalties levied by the Securities and Exchange Commission for allegedly defrauding investors of more than $27 million.
2024-06-03T08:58:00Z By Kyle Brasseur
The Department of Justice’s Antitrust Division is examining how its policies and enforcement mechanisms are suited to handle potential issues brought about by the proliferation of use of artificial intelligence.
2024-05-16T20:29:00Z By Adrianne Appel
Microsoft and Indeed stepped up to adopt new artificial intelligence principles put forth by President Joe Biden, while leading senators took a step toward crafting AI legislation.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
2025-09-03T17:43:00Z By Adrianne Appel
The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.
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