Latest Corporate crime News

4 Louisiana men to plead guilty in Mississippi bribe scheme

Aug. 18, 2019 6:10 PM EDT

Four Louisiana men say they'll plead guilty to charges that they tried to bribe a Mississippi sheriff with $2,000 in casino chips, seeking lucrative jail contracts. Michael LeBlanc Sr. of Baton Rouge, Michael LeBlanc Jr. of Prairieville, Tawasky Ventroy of Opelousas and Jacque Jones of LaPlace have filed notices...

Leader of largest US organic food fraud gets 10-year term

Aug. 16, 2019 9:24 PM EDT

CEDAR RAPIDS, Iowa (AP) — A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn't want. U.S. District Judge C.J. Williams said Randy Constant orchestrated a...

Whistleblower accuses GE of fraud, misleading investors

Aug. 15, 2019 6:11 PM EDT

NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38 billion,...

Ethics commissioner finds Canada PM Trudeau violated ethics

Aug. 14, 2019 4:52 PM EDT

TORONTO (AP) — Canada's ethics commissioner said Wednesday that Prime Minister Justin Trudeau improperly pressured a former attorney general to halt the criminal prosecution of a company, a development that could imperil his re-election chances. The report comes just before the official start of...

Ex-baseball star gets home detention in insider trading case

Aug. 13, 2019 2:49 PM EDT

SANTA ANA, Calif. (AP) — Former Major League Baseball player Doug DeCinces was sentenced to eight months of home detention and ordered to pay a $10,000 fine for his role in an insider-trading scheme, a newspaper reported. DeCinces, who played third base for the California Angels and Baltimore Orioles, was...

3D printer gun plans seller pleads guilty to sex with minor

Aug. 9, 2019 3:03 PM EDT

AUSTIN, Texas (AP) — The founder of a Texas company that sells plans for making untraceable 3D printed guns pleaded guilty Friday to having sex with an underage girl. Travis County Assistant District Attorney Joe Frederick said Cody Wilson pleaded guilty to a lesser charge of injury to a child under a plea...

Israeli woman convicted in $145M scheme to defraud investors

Aug. 7, 2019 1:00 PM EDT

COLLEGE PARK, Md. (AP) — An Israeli woman was convicted Wednesday of orchestrating a scheme to defraud tens of thousands of investors across the globe out of tens of millions of dollars. Lee Elbaz, 38, is scheduled to be sentenced Dec. 9 by a federal judge in Maryland following her conviction on of three...

Prosecutors reduce charges against US Rep. Chris Collins

Aug. 6, 2019 7:14 PM EDT

NEW YORK (AP) — Federal prosecutors in New York have dropped some charges against a U.S. congressman indicted in a federal insider trading case. U.S. Rep. Chris Collins was dropped from three counts in a rewritten indictment filed Tuesday in Manhattan federal court. Collins, a Republican, has pleaded not...

Juror dismissed from fraud trial after days of deliberations

Aug. 6, 2019 3:30 PM EDT

GREENBELT, Md. (AP) — A federal judge on Tuesday dismissed one of 12 jurors who have been deliberating for days in the case of an Israeli woman charged with orchestrating a scheme to defraud tens of thousands of investors out of tens of millions of dollars. The dismissed juror told U.S. District Judge...

Medical tech executive pleads guilty in embezzlement case

Aug. 5, 2019 5:22 PM EDT

RALEIGH, N.C. (AP) — A former medical technology executive accused of stealing more than $5 million from his firm has been sentenced to up to 16 years in prison. Forty-four-year-old Hugh Johnson II was sentenced Monday after pleading guilty to eight counts of obtaining property by false pretenses. The plea...