Latest Corporate crime News

AG, company sign settlement agreement on hearing aid claims

May. 13, 2021 00:08 AM EDT

PHOENIX (AP) — An agreement between an Arizona company and the state Attorney General's office calls for the business to stop misleading consumers by falsely claiming that its over-the-counter hearing aids were approved by federal regulators. The signed agreement...

Ex-Hawaii CEO accused of virus loan fraud pleads not guilty

May. 12, 2021 17:26 PM EDT

HONOLULU (AP) — A former CEO of Hawaii company accused of defrauding banks of money meant to assist businesses affected by the coronavirus pandemic pleaded not guilty Wednesday. Martin Kao, who was CEO of Martin Defense Group LLC, formerly known as Navatek LLC, is...

Corruption case of ex-Massachusetts mayor heads to jurors

May. 10, 2021 16:24 PM EDT

BOSTON (AP) — Lawyers made their final pitch to jurors Monday in the fraud and corruption case against a once-celebrated young Massachusetts mayor, painting contrasting pictures of a shrewd con man driven by greed to line his own pockets or a victim of lies who never committed a crime. ...

Borgata drops trade secrets lawsuit against Ocean Casino

May. 07, 2021 18:16 PM EDT

ATLANTIC CITY, N.J. (AP) — Atlantic City's top casino has dropped its lawsuit against a rival it accused of poaching key executives and attempting to steal valuable trade secrets. MGM Resorts International, which owns the Borgata, said in a...

Security firm says it's not at fault for woman's death

May. 07, 2021 09:44 AM EDT

STRATHAM, N.H. (AP) — A security firm that employed a man accused of killing a woman at the company headquarters of Timberland said it bears no responsibility for her death. Securitas Security Services USA said in court documents Wednesday that it appears the blame...

Connecticut utilities face steep fines for storm failures

May. 06, 2021 16:26 PM EDT

HARTFORD, Conn. (AP) — Connecticut regulators on Thursday proposed a $30 million fine for Eversource and a $2.1 million fine for United Illuminating for what officials called the utilities' failures in their preparation and response to Tropical Storm Isaias, which left hundreds of thousands...

State sues marketing firm for role in opioid crisis

May. 06, 2021 15:52 PM EDT

BOSTON (AP) — Massachusetts' top prosecutor on Thursday sued a global marketing company that she alleges played a role in fueling the opioid epidemic. State Attorney General Maura Healey said Publicis Health designed and deployed unfair and deceptive marketing schemes...

Maryland business owner pleads guilty to tax evasion

May. 05, 2021 15:58 PM EDT

BALTIMORE (AP) — The owner of a Maryland physical therapy business is facing up to five years in prison after pleading guilty to not paying more than $258,000 in federal employment taxes. Harshe Shende, 57, of Hanover, pleaded guilty Tuesday to eight counts of failing...

Shoe company executive pleads guilty to embezzling $30M

May. 05, 2021 15:06 PM EDT

BOSTON (AP) — A former top executive at a nearly 140-year-old shoe manufacturer in Massachusetts pleaded guilty Wednesday to embezzling $30 million from the company and spending it on luxury items and travel for himself and another person, federal prosecutors in Boston said. ...

Former financial advisor gets 13 years for bilking investors

May. 05, 2021 10:02 AM EDT

CHICAGO (AP) — A former financial advisor from Chicago has been sentenced to 13 years in prison for swindling investors out of more than $5 million and using it for plane tickets, luxury hotel stays and other indulgences. Darayl Davis, 48, was sentenced Monday by a...