Violation Tracker Individual Record

Company: 
Baton Holdings LLC
Current Parent Company: 
Red Ventures
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 Parent: 
USA
HQ State of Parent: 
South Carolina
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
marketing
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.