Latest Corporate crime News

Virginia man indicted for scheme to defraud investors

Oct. 21, 2021 13:48 PM EDT

CHARLOTTE, N.C. (AP) — A federal grand jury has indicted a Virginia man who they say duped investors out of more than $740,000 by convincing them to help him build a religion-themed family entertainment venue, the U.S. Department of Justice said. The U.S. Attorney’s...

Report: Trump golf club under new criminal probe over taxes

Oct. 20, 2021 16:52 PM EDT

NEW YORK (AP) — Donald Trump's company is under criminal investigation by a district attorney in a New York City suburb into whether it misled officials to cut taxes for a golf course there, according to The New York Times. The district attorney’s office subpoenaed...

Connecticut lawmaker arrested, accused of COVID funds misuse

Oct. 20, 2021 16:30 PM EDT

HARTFORD, Conn. (AP) — A Connecticut state legislator who works as an aide to the West Haven City Council is accused of creating a company that received more than $600,000 in federal COVID-19 relief funds for services that were never provided. Rep. Michael DiMassa, a...

Federal trial underway in aviation espionage case

Oct. 20, 2021 10:37 AM EDT

CINCINNATI (AP) — The trial of a Chinese national charged with trying to steal trade secrets from multiple U.S. aviation and aerospace companies is underway in federal court in Cincinnati. The government alleges that beginning in December 2013, Yanjun Xu recruited...

Suits allege 29 companies discriminated against renters

Oct. 19, 2021 08:59 AM EDT

RICHMOND, Va. (AP) — Virginia’s attorney general’s office has filed lawsuits against more than two dozen real estate companies accused of discriminating against renters protected under a recent change to state law. Attorney General Mark Herring’s Office of Civil...

Executive who embezzled $48 million gets 75-month sentence

Oct. 18, 2021 18:02 PM EDT

NEWARK, N.J. (AP) — A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A federal judge sentenced Nestor Charriez to 75 months and also ordered him to pay $43 million in restitution. ...

Man gets probation for obstructing probe in oil field death

Oct. 15, 2021 10:41 AM EDT

BISMARCK, N.D. (AP) — A former oil company maintenance manager was sentenced to 1 1/2 years of probation after pleading guilty to obstructing a federal investigation into the 2014 death of an oil field worker. Stephen Reisinger, 51, was sentenced Thursday by U.S....

Feds warn companies: Fake online reviews could lead to fines

Oct. 14, 2021 14:52 PM EDT

WASHINGTON (AP) — Federal regulators say they are cracking down on “an explosion” of businesses' use of fake reviews and other misleading messages to promote their products and services on social media. The Federal Trade Commission said it has warned hundreds of...

Georgia man, California woman sentenced in COVID relief scam

Oct. 14, 2021 10:15 AM EDT

MIAMI (AP) — A Georgia man and a California woman have been sentenced to prison for fraudulently obtaining coronavirus relief funds through a program designed to help small businesses across the nation stay afloat. Dennes Garcia, 28, of Atlanta, was sentenced Wednesday...

Ex-Indiana mayor gets 21 months in prison for seeking bribe

Oct. 13, 2021 18:35 PM EDT

HAMMOND, Ind. (AP) — A former northwestern Indiana mayor who was found guilty of taking a $13,000 bribe from a trucking company and illegal tax evasion was sentenced Wednesday to 21 months in prison. A federal judge ordered the sentence against former Portage Mayor...