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Violation Tracker Individual Record

Company: Baton Holdings LLC
Current Parent Company: Red Ventures
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $28,000,000
Year: 2019
Date: March 6, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: fraud
Violation Description: Baton Holdings LLC, as the successor in interest to Bankrate Inc., a financial services and marketing company, entered into a nonprosecution agreement and agreed to pay $28 million in combined monetary penalties and restitution to resolve the government's investigation into a complex accounting and securities fraud scheme carried out by former executives of Bankrate.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: South Carolina
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: marketing
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.