Violation Tracker Individual Record

Company: 
BAWAG P.S.K.
Current Parent Company: 
Cerberus Capital Management
Penalty: 
$337,500,000
Year: 
2006
Date: 
June 5, 2006
Primary Offense: 
fraud
Violation Description: 

BAWAG P.S.K., formally known as Bank Fur Arbeit Und Wirtschaft Und Osterreichische Postparkasse Aktiengesellschaft, and the Austrian Trade Unions Association, formally known as Osterreichischer Gewerkschaftsbund (OGB), which owns BAWAG, agreed to forfeit $337.5 million to victims of the fraud at Refco, Inc., as part of an agreement that the Government will not prosecute BAWAG or the OGB.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Southern District of New York
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
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.