Latest Corporate crime News
JPMorgan sets aside more money for potential bad loans but says consumers are on 'solid footing'
NEW YORK (AP) — JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading. Net income fell to $12.9 billion from $13.2 billion in the year-ago...
TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department
WASHINGTON (AP) — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution's lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to...
After a 2-year investigation, South African president won't be charged over $580K hidden in a couch
CAPE TOWN, South Africa (AP) — South African President Cyril Ramaphosa won't face criminal charges over a hidden cash scandal that was revealed more than two years ago and led to an investigation by a special police unit, prosecutors said Thursday. A former national security chief...
Patrick says Texas Legislature will review Deloitte’s contracts after public loan project scandal
Lt. Gov. Dan Patrick said Tuesday that the Legislature will review all of the state’s existing contracts with the firm Deloitte after it selected a company whose CEO was previously convicted of an “embezzlement scheme” as a project finalist for a low-interest, taxpayer-funded loan program to...
3 suspects accused of stealing cash from South African president's farm appear in court
CAPE TOWN, South Africa (AP) — Three people accused of breaking into South African President Cyril Ramaphosa's game farm and stealing $580,000 in cash that was stashed in a couch appeared in court Monday and had their case postponed until next month. The alleged theft, which...
Former Iowa mayor gets probation for role in embezzlement case
ARMSTRONG, Iowa (AP) — An Iowa mayor who was among several town officials charged in an embezzlement case was sentenced to probation Tuesday. Greg Buum served multiple stints as mayor of Armstrong, a community of 845 residents in the northern part of the state. Buum pleaded guilty...
Reality TV star Julie Chrisley resentenced to 7 years in bank fraud and tax evasion case
ATLANTA (AP) — A federal judge on Wednesday resentenced Julie Chrisley to seven years in prison for her conviction on bank fraud and tax evasion charges, declining the reality TV star's request for less time in prison than was originally imposed. Chrisley and her husband, Todd...
Judge suspends arrest order of a top Brazilian country music star amid money laundering probe
RIO DE JANEIRO (AP) — A Brazilian judge Tuesday suspended the preventive arrest of one of the country's most popular country music stars in connection with a money laundering investigation, a court source with access to the ruling told The Associated Press. A court staffer in the...
Judge orders the arrest of a top Brazilian country music star as part of a money laundering probe
A judge in Brazil's northeastern Pernambuco state on Monday ordered the preventive arrest of Gusttavo Lima, one of the nation's biggest country music stars, in connection with a money laundering investigation. The probe has already resulted in orders to arrest almost two dozen...
Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges
HANOI, Vietnam (AP) — The second trial for Vietnamese real estate typcoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday, state media reported. The 67-year-old chair of the real estate company Van Thinh Phat was convicted for...
