Latest Corporate crime News

German prosecutors probe alleged tax evasion by tax advisers

Nov. 30, 2021 11:22 AM EST

German investigators searched offices of accountancy firm PricewaterhouseCoopers and the homes of current and former employees Tuesday in a probe of alleged tax evasion by tax advisers. The searches took place at offices in Frankfurt, Berlin, Duesseldorf, Hannover and...

German police smash cocaine ring accused of smuggling tons

Nov. 30, 2021 07:49 AM EST

BERLIN (AP) — German investigators said 14 suspects were arrested Tuesday in an investigation of a gang accused of bringing nearly five metric tons (5.5 U.S. tons) of cocaine from South America to Germany. The investigation was triggered by the seizure in a shipping...

Eastern Shore seafood company fined for visa fraud

Nov. 25, 2021 10:19 AM EST

SECRETARY, Md. (AP) — A company that processes seafood and produces ice on Maryland's Eastern Shore has been fined $240,000 for visa fraud related to the employment of temporary workers. The Baltimore Sun reported Wednesday that the owner of Capt. Phip’s Seafood Inc.,...

Prime Automotive settles suit, selling dealerships for $880M

Nov. 24, 2021 09:14 AM EST

BOSTON (AP) — Massachusetts-based Prime Automotive Group has signed a $30 million settlement with ex-CEO David Rosenberg, who was fired after raising concerns about financial wrongdoing. The settlement last week cleared the way for Group 1 Automotive Inc. of Houston to...

Juul to pay $14.5 million to settle Arizona vaping lawsuit

Nov. 23, 2021 21:05 PM EST

PHOENIX (AP) — E-cigarette giant Juul Labs will pay Arizona $14.5 million and vowed not to market to young people in the state to settle a consumer fraud lawsuit. The settlement announced by Attorney General Mark Brnovich Tuesday is the second Juul has reached with...

Elizabeth Holmes makes her case to the jury in fraud trial

Nov. 22, 2021 23:17 PM EST

SAN JOSE, Calif. (AP) — Elizabeth Holmes, the one-time medical entrepreneur now charged with building a fraudulent company based on promises of a revolutionary technology, returned to the witness stand Monday. Her testimony, which focused largely on her enthusiasm based...

Ex-Arizona CEO of care facilities gets 3 years probation

Nov. 19, 2021 19:27 PM EST

PHOENIX (AP) — Arizona Attorney General Mark Brnovich says the former head of a company that operates residential health and care facilities for vulnerable children and adults around Arizona has been sentenced to three years of supervised probation. The Friday...

Louisiana woman sentenced for defrauding employer

Nov. 18, 2021 18:42 PM EST

LAFAYETTE, La. (AP) — A longtime employee for a Louisiana company has been sentenced to two years in prison on wire fraud charges, federal prosecutors said Thursday. U.S. District Judge Michael J. Juneau also ordered Tracie Sonnier, 51, of Breaux Bridge, to pay...

4 ex-coal mine officials cleared in Kentucky fraud trial

Nov. 17, 2021 17:42 PM EST

LOUISVILLE, Ky. (AP) — A federal jury has cleared four former coal company officials who were accused of skirting dust rules in two underground Kentucky mines. The jury in U.S. District Court in Louisville deliberated Wednesday for about two hours before returning not...

Chicago-area mayor pleads guilty in red-light camera scheme

Nov. 17, 2021 13:48 PM EST

CHICAGO (AP) — A suburban Chicago mayor pleaded guilty Wednesday to taking a cash bribe from a representative of a red-light camera company, the latest public official in the region to be convicted in the bribery scheme. Crestwood Mayor Louis Presta also resigned from...