Latest Corporate crime News

2 Florida men accused of defrauding investors

Jun. 13, 2021 16:31 PM EDT

MIAMI (AP) — The Securities and Exchange Commission has filed fraud charges against a Florida man investigators say misappropriated more than $1 million in investor funds for personal use. The SEC also says it caught Larry Brodman using money from newer investors to pay a portion of the...

EXPLAINER: Who are Americans on trial in Ghosn's escape

Jun. 12, 2021 21:20 PM EDT

TOKYO (AP) — Americans Michael Taylor and his son Peter Taylor go on trial in Tokyo on Monday on charges they helped Nissan's former chairman, Carlos Ghosn, skip bail and flee to Lebanon in December 2019. HOW DID THE TAYLORS END UP IN JAPAN? The...

Georgia tractor dealer pleads guilty to $6.4M bank fraud

Jun. 11, 2021 16:19 PM EDT

MACON, Ga. (AP) — The owner of a south Georgia tractor company has pleaded guilty to lying about his debts, assets and income to obtain loans from banks and financial institutions. Nashville Tractor owner Rickey Carter, 60, pleaded guilty Tuesday in federal court in...

Idaho's newest federal magistrate judge sworn in to office

Jun. 11, 2021 15:50 PM EDT

BOISE, Idaho (AP) — Idaho's newest federal magistrate judge, Raymond Patricco Jr., was sworn in during a brief ceremony Friday morning at the federal courthouse in Boise. A more formal swearing-in ceremony with “pomp and circumstance” will be held at a later date,...

2-year sentence for man convicted of insider Amazon trading

Jun. 11, 2021 12:26 PM EDT

SEATTLE (AP) — A Washington state man who admitted using inside information from his wife about Amazon to trade the company's stock has been sentenced to 26 months in prison. Viky Bohra, 37, received the sentence Thursday for illegally trading Amazon stock after...

Former hospital exec, ex-detective husband get prison terms

Jun. 11, 2021 10:30 AM EDT

BUTLER, Pa. (AP) — The former chief operating officer of a Pennsylvania hospital system and her ex-detective husband have both been sentenced to federal prison terms for embezzling more than $1 million from the wife's employer. Federal prosecutors said Scott and...

Former Missouri CPA sentenced to prison for Ponzi scheme

Jun. 11, 2021 08:58 AM EDT

SPRINGFIELD, Mo. (AP) — A one-time certified public accountant in south-central Missouri has been sentenced to more than 15 years in federal prison for conducting a Ponzi scheme that swindled millions of dollars from dozens of victims. Douglas Richardson, 47, of...

Snohomish roofing company fined $1.2M for safety violations

Jun. 11, 2021 08:04 AM EDT

SNOHOMISH, Wash. (AP) — The state Department of Labor & Industries announced Thursday that it’s assessing Allways Roofing more than $1.2 million for putting workers' lives in danger. State inspectors found a dozen “willful serious violations” at three job...

A year in prison, $961,000 restitution in Louisiana tax case

Jun. 11, 2021 04:36 AM EDT

LAKE CHARLES, La. (AP) — Federal prosecutors say a Louisiana man has been sentenced to serve a year in prison and pay more than $960,000 in restitution on federal tax fraud charges. A news release from Acting U.S. Attorney Alexander Van Hook in Lake Charles says Alfredo...

Former digital marketing exec sentenced for $23M theft

Jun. 09, 2021 20:09 PM EDT

LOS ANGELES (AP) — A former executive who embezzled more than $22 million from a Los Angeles-based digital marketing company was sentenced Wednesday to more than 6 1/2 years in federal prison. Dennis Blieden, 31, of Cincinatti also was ordered pay nearly $22.7 million...