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Violation Tracker Individual Record

Company: PNC ICLC Corp.
Current Parent CompanyPNC Financial Services
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $115,000,000
Year: 2003
Date: June 2, 2003
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: PNC ICLC Corp., a subsidiary of the PNC Financial Services Group, Inc., agreed to pay $90 million to a restitution fund and $25 million in penalties to the United States as part of a deferred prosecution agreement on criminal charges of conspiracy to violate securities laws.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.