Latest Embezzlement News

State media say Vietnamese property tycoon Truong My Lan is sentenced to death for embezzling billions

Apr. 11, 2024 04:56 AM EDT
HANOI, Vietnam (AP) — State media say Vietnamese property tycoon Truong My Lan is sentenced to death for embezzling billions.

A former Houston police officer is indicted again on murder counts in a fatal 2019 drug raid

Apr. 04, 2024 13:18 PM EDT

HOUSTON (AP) — A former Houston police officer has been indicted again on murder charges for his role in a 2019 deadly drug raid that led to the death of a couple and revealed systemic corruption problems within the police department’s narcotics unit. The reindictment by a grand...

Arista Networks former chairman agrees to pay nearly $1M to settle insider trading charges

Mar. 26, 2024 10:38 AM EDT

The founder and former chairman of technology company Arista Networks has agreed to pay almost $1 million to settle insider trading charges. The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related...

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

Mar. 20, 2024 18:18 PM EDT

NEW YORK (AP) — The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was...

Former Ellisville, Mississippi, deputy city clerk pleads guilty to embezzlement

Mar. 20, 2024 15:43 PM EDT

ELLISVILLE, Miss. (AP) — A former deputy city clerk for the town of Ellisville pleaded guilty Wednesday to a charge of embezzlement for altering customers' cash water payments after they were entered and then taking the cash, state officials said. State Auditor Shad White said...

Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case

Mar. 03, 2024 08:07 AM EST

DHAKA, Bangladesh (AP) — A court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case. Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six...

Los Angeles County to pay $5M settlement over arrest of election technology company founder

Jan. 23, 2024 23:47 PM EST

LOS ANGELES (AP) — Los Angeles County on Tuesday agreed to pay $5 million to the founder and CEO of a software company who was briefly accused of stealing data on county poll workers in a case he said was pushed by conspiracy theorists. The Board of Supervisors voted without public...