Latest Corporate crime News

Former Fox execs stay free on $15M bond each in soccer case

Apr. 9, 2020 1:50 PM EDT

NEW YORK (AP) — Two former 21st Century Fox Inc. executives were allowed to remain free on $15 million appearance bonds, three days after they were indicted as part of the U.S. government’s investigation of soccer corruption. Hernan Lopez and Carlos Martinez were arraigned Thursday on wire fraud and...

FILE- In this Aug. 4, 2017 file photo, former pharmaceutical company CEO, Martin Shkreli, arrives at federal court in New York. The convicted former drug company wants out of prison so he can help research a treatment for the coronavirus. Shkreli's attorney said Tuesday, April 7, 2020, that he will be filing court papers asking federal authorities to release Shkreli for three months so he can do laboratory work “under strict supervision.” (AP Photo/Seth Wenig, File)

'Pharma Bro' wants out of prison to research coronavirus

Apr. 7, 2020 5:56 PM EDT

NEW YORK (AP) — Convicted former drug company CEO Martin Shkreli, known as “Pharma Bro,” wants to get out of prison so he can help research a treatment for the coronavirus, his lawyer said Tuesday. Defense attorney Ben Brafman said that he will file court papers asking federal authorities to...

A man wearing a mask amid the spread of the new coronavirus walks by a sign in favor of Ecuador's former President Rafael Correa returning, in Quito, Ecuador, Tuesday, April 7, 2020. On Tuesday, an Ecuadorian court found Correa guilty of corruption and sentenced him to eight years in prison, further sullying the legacy of one of the nation's most enduring and polemic political leaders. (AP Photo/Dolores Ochoa)

Court finds ex-Ecuador president guilty of corruption

Apr. 7, 2020 4:58 PM EDT

QUITO, Ecuador (AP) — An Ecuadorian court found former President Rafael Correa guilty of corruption Tuesday and sentenced him to eight years in prison, further sullying the legacy of one of the nation’s most enduring and polemic political leaders. Judge Iván León said prosecutors had...

US prosecutors allege bribes in 2018, 2022 World Cup votes

Apr. 7, 2020 12:29 AM EDT

NEW YORK (AP) — Prosecutors revealed new details of alleged bribes paid to FIFA executive committee members to gain their votes for Qatar to host the 2022 World Cup and charged a pair of former 21st Century Fox executives with making illegal payments to win broadcast rights for the 2018 and 2022...

Mayor's corruption trial delayed as new doc premiering

Apr. 6, 2020 1:29 PM EDT

BOSTON (AP) — The trial of a Massachusetts mayor facing federal investment fraud and extortion charges has been delayed several months. U.S. Attorney for Massachusetts Andrew Lelling said in a tweet Monday that the trial of former Fall River Mayor Jasiel Correia that had been slated for May has now been...

This undated photo provided by the Dallas County Sheriff's Department shows William Neil Gallagher. Gallagher, a financial consultant and radio host who stole more than $20 million from investors, has been sentenced to 25 years behind bars after reaching a plea agreement with Dallas County prosecutors. Gallagher, pleaded guilty Friday, March, 10, 2020,to one count each of theft of more than $300,000, money laundering of more than $300,000 and securities fraud of more than $100,000. (Dallas County Sheriff's Department via AP)

Radio host gets 25 years in Ponzi scheme targeting listeners

Apr. 2, 2020 2:28 PM EDT

DALLAS (AP) — A Texas radio host and financial consultant who admitted to conning elderly listeners out of millions of dollars in a Ponzi scheme was sentenced to 25 years in prison. The sentence was imposed as part of a plea deal that William Neil “Doc” Gallagher, 79, agreed to on Friday with...

FILE - In this May 24, 2018 file photo, Venezuela's President Nicolas Maduro, right, walks with his Defense Minister Vladimir Padrino Lopez as they review the troops during a military parade at Fort Tiuna in Caracas, Venezuela. On Thursday, March 26, 2020, the U.S. Justice Department made public it has charged in several indictments against Maduro and his inner circle, including Padrino, that the leader has effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country. (AP Photo/Ariana Cubillos, File)

US indicts Venezuela's Maduro on narcoterrorism charges

Mar. 26, 2020 9:42 PM EDT

MIAMI (AP) — Nicolás Maduro effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country, the Justice Department charged in several indictments made public Thursday against the...

Group accused of impersonating Walmart execs, scamming $900K

Mar. 24, 2020 6:21 PM EDT

CHARLOTTE, N.C. (AP) — A group of North Carolina counterfeiters has been accused of impersonating Walmart corporate executives and scamming multiple stores in several states out of about $900,000, court documents said. The multicourt indictment unsealed this month by the U.S. attorney’s office in...

Prosecutors: Woman should owe $28M for defrauding investors

Mar. 23, 2020 1:20 PM EDT

GREENBELT, Md. (AP) — Federal prosecutors say an Israeli woman should be ordered to pay $28 million in restitution to thousands of investors who were defrauded in a scheme she orchestrated. Lee Elbaz, 38, was sentenced in December to 22 years in prison, but U.S. District Judge Theodore Chuang hasn’t...

FILE - In this July 4, 2017 file photo, Russian businessman Yevgeny Prigozhin is shown prior to a meeting of Russian President Vladimir Putin and Chinese President Xi Jinping in the Kremlin in Moscow, Russia. The Justice Department is moving to drop charges against some Russian companies that were accused of funding a social media campaign to sway American public opinion during the 2016 U.S. presidential election. (Sergei Ilnitsky/Pool Photo via AP, File)

Feds dropping case for 2 Russian companies in troll probe

Mar. 16, 2020 10:29 PM EDT

WASHINGTON (AP) — The Justice Department is moving to drop charges against two Russian companies that were accused of funding a social media campaign to sway American public opinion during the 2016 U.S. presidential election. Prosecutors said they concluded that a trial, against a corporate defendant with...