Latest Corporate crime News

Township supervisor accused of embezzling from private firm

Jan. 14, 2021 8:16 PM EST

PLAINFIELD, Ill. (AP) — A northern Illinois township supervisor is accused in U.S. District Court of stealing more than a million dollars over six years from the company he founded, according to documents unsealed Thursday. Plainfield Township supervisor Anthony Fremarek is charged with wire fraud and...

FILE - This March 29, 2018 file photo shows the Facebook logo on screens at the Nasdaq MarketSite, in New York's Times Square.  Any EU country's privacy watchdog can take legal action against companies like Facebook over cross-border violations of the bloc's strict privacy rules, an adviser to the European Union's top court said Wednesday Jan. 13, 2021.  (AP Photo/Richard Drew, File)

EU court opinion leaves Facebook more exposed over privacy

Jan. 13, 2021 11:56 AM EST

LONDON (AP) — Any EU country can take legal action against companies like Facebook over cross-border violations of data privacy rules, not just the main regulator in charge of the company, a top court adviser said Wednesday. The preliminary opinion is part of a long-running legal battle between Facebook...

Kansas man ordered to pay $81K in securities fraud case

Jan. 13, 2021 9:22 AM EST

OLATHE, Kan. (AP) — A Kansas man has been found guilty of federal securities fraud and sentenced to four years’ supervised probation. The office of U.S. Attorney General for Kansas Derek Schmidt said in a news release that Michael Davin, 64, of Olathe, also was ordered at his Monday sentencing to...

Autopsies set after deaths of Mississippi inmates

Jan. 12, 2021 8:06 PM EST

JACKSON, Miss. (AP) — The Mississippi Department of Corrections has announced the deaths of four inmates so far in 2021, and a private prison company has announced the death of one. An autopsy was to be done on each. The department on Tuesday announced two deaths that occurred at Central Mississippi...

Utah pharmacy CEO accused of mislabeling hydroxychloroquine

Jan. 12, 2021 7:32 PM EST

SALT LAKE CITY (AP) — The owner and CEO of a Utah pharmacy has been accused of mislabeling large amounts of malaria drugs imported from China that outgoing President Donald Trump incorrectly touted last year as a “miracle” treatment for the coronavirus. Dan Richards, the operator of Meds In...

Court tosses convictions of former Wilmington Trust execs

Jan. 12, 2021 5:46 PM EST

DOVER, Del. (AP) — A federal appeals court has overturned the convictions of four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program. A three-judge panel on Tuesday reversed the convictions of the former Wilmington Trust...

PR firm co-founder gets federal prison term for wire fraud

Jan. 12, 2021 8:22 AM EST

ST. LOUIS (AP) — The co-founder of a suburban St. Louis public relations firm has been sentenced to nearly two years in federal prison for stealing nearly $800,000 from the company. Lynese Cargill, 51, was sentenced Monday in St. Louis' federal court to 21 months in prison, federal prosecutors for Missouri...

2 Utah men convicted of fraud charged in $11M scheme

Jan. 9, 2021 5:35 PM EST

SALT LAKE CITY (AP) — Two Utah men who met in prison while serving time for unrelated fraud schemes have been charged in federal court over a fraudulent trading program one of them claimed to have received in a “spiritual revelation," the Securities and Exchange Commission said. A complaint filed in...

Prosecutors: Florida nurse lied to get $420k in virus relief

Jan. 9, 2021 3:00 AM EST

MIAMI (AP) — A South Florida nurse fraudulently obtained about $420,000 in coronavirus relief funds, federal prosecutors said. Giraldo Caraballo, 55, of Miami, made his initial appearance Friday in Miami federal court. He's charged with engaging in transactions in unlawful proceeds and making false...

Ex-Iowa trash collection official sentenced for mail fraud

Jan. 8, 2021 1:40 PM EST

DES MOINES, Iowa (AP) — A former Iowa trash collection official has been sentenced to nearly five years in federal prison and ordered to pay restitution of more than $1.6 million. Jeffrey Dworek, 56, of Urbandale, was sentenced Friday to 57 months in prison after pleading guilty last August to one count...