May 15, 2015
The U.S. government on Friday approved a settlement in a False Claims Act suit accusing Commerzbank AG of borrowing $350 million from the Federal Reserve while secretly helping Iran defy economic sanctions by transferring Iranian gold into the U.S. marketplace, the relator told a New York federal judge.
March 17, 2015
A lawsuit unsealed in New York federal court Monday accuses Commerzbank of violating the False Claims Act by borrowing $350 million from the Federal Reserve while secretly helping Iran defy economic sanctions by transferring Iranian gold into the U.S. marketplace.