Putnam has estimated that managers made $700,000 in improper gains -- not that shareholder losses were $700 million.
Connecticut is demanding that Countrywide make restitution to affected borrowers, give up improper gains, and rescind, reform or modify all mortgages that broke state laws.
Mr. Homann had faced a possible sentence of five years in prison and a fine of $250,000 or twice the improper gains.
Certainly, the government's charges of "hundreds of millions" in improper gains or avoided losses don't come close to the gains SAC generated for investors over the years.
Interestingly, the Commission announced the Cyber Unit just five days after disclosing a hack of its own EDGAR filing system in September, which allowed access to nonpublic information and facilitated improper gains.
If a country is found to have been illegally allowing state aid to favour the businesses, the company will be forced to return the improper gains to the national coffers.
The Hague adoption convention was supposed to streamline the adoption of children who legitimately needed new homes, and "prevent the abduction, the sale of, or traffic in children" for adoption by policing "improper financial gain".
"We want to be clear that we unequivocally abhor any attempt to leverage intellectual property rights to stifle political advocacy or pursue improper personal gain," Mr. Smith said in a post on the company's blog.
The report details a number of weaknesses in Nepal's current system, including the falsification of documents, "improper financial gain," and lack of a child protection system.
The Hague Convention includes provisions to ensure that adoption is authorized by competent national authorities and that inter-country adoption does not result in improper financial gain for those involved in it.
