Latest Corporate crime News

2 shipping companies plead guilty to hiding oil pollution

Oct. 16, 2019 6:56 AM EDT

WILMINGTON, Del. (AP) — Two shipping companies incorporated in Liberia pleaded guilty in Delaware to presenting falsified documents to the U.S. Coast Guard to hide oil pollution caused by one of their cargo ships. A U.S. Department of Justice statement says Nederland Shipping Company and Chartworld...

Agency eyes big revamp of Wall Street whistleblower program

Oct. 12, 2019 10:48 AM EDT

WASHINGTON (AP) — A federal agency is moving with little fanfare to revamp one of the most successful whistleblower programs in the government, alarming advocates who warn the changes will set back efforts to police Wall Street and punish corporate fraud. Much like the whistleblower system for intelligence...

Former South African president Zuma to face corruption trial

Oct. 11, 2019 7:20 AM EDT

PIETERMARITZBERG, South Africa (AP) — Former South African president Jacob Zuma will face trial on corruption charges after a court on Friday dismissed his application to halt the case for good. The ruling means further scrutiny of a 1999 arms deal in which Zuma is accused of receiving bribes from French...

Maryland man sentenced for $396 million Ponzi scheme

Oct. 11, 2019 6:17 AM EDT

BALTIMORE (AP) — A federal judge has sentenced a Maryland man to 22 years in prison for fraud and conspiracy in a $396 million investment scheme that stole from people as far as Singapore. The judge handed down the sentence for 54-year-old Kevin B. Merrill on Thursday. The day before, Amanda Merrill...

Mercy Corps CEO resigns amid turmoil over abuse allegations

Oct. 10, 2019 8:30 PM EDT

PORTLAND, Ore. (AP) — The Mercy Corps CEO resigned Thursday, two days after an Oregonian/OregonLive investigation found that executives at the global humanitarian aid group allowed co-founder Ellsworth Culver to remain in a top role after his daughter accused him of serial sexual abuse. The 65-year-old...

Woman admits she tried to protect, hide fraudster's cash

Oct. 10, 2019 8:16 AM EDT

BALTIMORE (AP) — A Maryland woman has admitted to trying to hide her fraudster husband's cash during a federal investigation into his Ponzi scheme that stole hundreds of millions of dollars. News outlets report 30-year-old Amanda Merrill made the admission Wednesday when pleading to conspiring to remove...

Louisiana becomes new hub in immigrant detention under Trump

Oct. 9, 2019 5:24 PM EDT

WINNFIELD, La. (AP) — Tucked away in the dense forest of rural Louisiana is a barbed wire-ringed prison that has quickly grown into a major detention center for immigrants detained at the border. The Winn Correctional Center is one of eight Louisiana jails that have started housing asylum seekers and other...

Under Trump, Louisiana is at epicenter of migrant detention

Oct. 9, 2019 2:13 PM EDT

WINNFIELD, La. (AP) — Tucked away in the dense forest of rural Louisiana is a barbed wire-ringed prison that has quickly become a major detention center for immigrants detained at the border. The Winn Correctional Center is one of eight Louisiana jails that have started holding asylum seekers and other...

Judge won't free Israeli woman before sentencing for fraud

Oct. 8, 2019 4:42 PM EDT

GREENBELT, Md. (AP) — A federal judge in Maryland has refused to free an Israeli woman on bail while she awaits sentencing for orchestrating a scheme to defraud tens of thousands of investors across the globe out of tens of millions of dollars. U.S. District Judge Theodore Chuang ruled Tuesday that Lee...

North Dakota, EPA allow companies to self-report violations

Oct. 8, 2019 2:42 PM EDT

BISMARCK, N.D. (AP) — Environmental regulators in North Dakota have signed an agreement with the federal government that allows companies to avoid fines by self-reporting certain minor infractions, but not if they have potentially caused serious environmental damage. The infractions could include companies...