Latest Corporate crime News

Ski resort leaders, businessman indicted on fraud charges

May. 22, 2019 5:25 PM EDT

BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case were indicted on federal charges unsealed Wednesday over a failed plan to build a biotechnology plant using foreign investors' money. The charges are against Jay Peak's former...

Prominent upstate New York landlord indicted for fraud

May. 22, 2019 5:12 PM EDT

BUFFALO, N.Y. (AP) — Prominent upstate New York landlord Robert Morgan was charged Wednesday in a 114-count federal indictment with inflating property values in his expansive real estate portfolio to secure more than $500 million in loans. The indictment also named Morgan's son, Todd Morgan, and two other...

Virginia airline founder charged with fraud, tax evasion

May. 22, 2019 10:01 AM EDT

NEWPORT NEWS, Va. (AP) — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D. Morisi was arrested Tuesday, accused of defrauding creditors of nearly $448,000. An indictment says he used most of the...

3rd woman accuses professor, ride-hail driver

May. 20, 2019 5:49 PM EDT

PITTSBURGH (AP) — A western Pennsylvania professor working as a ride-hail company driver who was earlier accused of holding two women in his vehicle against their will is now facing charges involving a third woman. Richard Lomotey, 36, of Monaca, is charged with kidnapping, unlawful restraint, simple...

St. Louis-area executive accused of embezzling $3.8 million

May. 20, 2019 1:15 PM EDT

ST. LOUIS (AP) — The chief financial officer for a St. Louis-area company is accused in a federal indictment of embezzling $3.8 million. The indictment of 45-year-old Bryan Vonderahe of Kirkwood was announced Monday. He is accused of three felony counts of wire fraud. Vonderahe worked for the Boyd Group,...

China's technology tactics irk its trading partners

May. 20, 2019 3:05 AM EDT

BEIJING (AP) — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald...

South Carolina tech firm, CEO indicted on fraud charges

May. 17, 2019 6:25 AM EDT

CHARLESTON, S.C. (AP) — A South Carolina technology company and its leader are accused of fraudulently obtaining numerical internet addresses worth a total of up to $14.4 million. The Post and Courier reports Micfo LLC and its CEO, 36-year-old Amir Golestan, were indicted this week in federal court on...

Maryland man pleads guilty in sprawling investment scam

May. 16, 2019 6:29 PM EDT

BALTIMORE (AP) — A bogus investment scheme that entrapped hundreds of individuals and corporate investors and might involve as much as a half-billion dollars has unraveled in guilty pleas for wire fraud and conspiracy from a Maryland man who prosecutors say amassed a fortune in luxury cars, costly wines...

US wildlife biologist pleads guilty to selling bobcat pelts

May. 16, 2019 12:12 PM EDT

GRAND JUNCTION, Colo. (AP) — A U.S. Fish and Wildlife biologist has pleaded guilty in a yearslong criminal enterprise of hunting, skinning and selling dozens of Colorado bobcat pelts. The Daily Sentinel reports 46-year-old Thad Bingham pleaded guilty Wednesday in federal court to a felony count of...

Huawei hit by US export controls, potential import ban

May. 16, 2019 6:25 AM EDT

In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. Huawei would be the largest business ever subjected to the...