Episode Details
Back to Episodes
Alibaba Faces $390M Seizure | Providence News
Description
The U.S. Justice Department is moving to permanently seize $390 million from Alibaba and AUS Merchant Services — part of a record $600 million resolution — after these companies admitted they failed to stop illegal drug and chemical sales on their platforms, totaling over $200 million in transactions across eight decades of activity. The DOJ seeks court approval to finalize the forfeiture, marking the largest monetary settlement ever in Rhode Island’s district. Both companies accepted responsibility, pledged to strengthen compliance, and will cooperate with ongoing investigations.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/65b0c7d68d3d67b2