Latest Embezzlement News

CBS credit union manager gets 14 years for $40M embezzlement

Sep. 16, 2019 8:39 PM EDT

LOS ANGELES (AP) — The former manager of a credit union that served employees of the CBS television network has been sentenced to more than 14 years in prison for a two-decade embezzlement scheme that drained $40 million from the institution and forced it into insolvency. Edward Rostohar pleaded guilty to...

A look at the corruption scandals facing Israel's Netanyahu

Sep. 15, 2019 12:39 PM EDT

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu is seeking to hold on to power in Tuesday's historic repeat election as the shadow of various corruption charges loom over his future. Israel's attorney general has recommended pressing criminal charges against him in three separate corruption...

Egypt's el-Sissi dismisses corruption allegations

Sep. 14, 2019 11:01 PM EDT

CAIRO (AP) — Egypt's president on Saturday angrily dismissed corruption allegations made by a businessman-in-exile against the country's military as "sheer lies and defamation." In viral social media videos posted over the past week, the entrepreneur alleged large-scale misuse of public funds in the...

UAW official in Missouri charged in wide corruption probe

Sep. 12, 2019 6:35 PM EDT

DETROIT (AP) — A Missouri-based official at the United Auto Workers was charged Thursday with corruption in an alleged scheme to embezzle union money and spend cash on premium booze, golf clubs, cigars and swanky stays in California. It's another blow to the union's reputation and comes just before...

Russian court dismisses case against famed theater director

Sep. 11, 2019 11:41 AM EDT

MOSCOW (AP) — A Moscow court on Wednesday dismissed the case against an acclaimed theater director, two years after he was accused of embezzlement and put under house arrest. The court, which has been holding hearings in the trial of Kirill Serebrennikov and his associates for 10 months, ruled the case...

Ex-Honduras first lady gets 58 years in corruption case

Sep. 4, 2019 5:47 PM EDT

TEGUCIGALPA, Honduras (AP) — A Honduran court has sentenced former first lady Rosa Elena Bonilla to 58 years in prison for embezzling about $600,000 in government money between 2010 and 2014, when her husband Porfirio Lobo was president. Bonilla's sentence for embezzlement and fraud was at the high end of...

At corruption retrial, Samsung scion may end up being jailed

Aug. 30, 2019 6:46 AM EDT

SEOUL, South Korea (AP) — About 1 1/2 year after being released from jail, Samsung's de facto chief Lee Jae-yong will face a retrial on corruption charges, a key part of the explosive 2016 scandal that prompted months of street rallies and toppled South Korea's president. The retrial at the Seoul High...

Big NJ water agency failed in scandal when Booker was mayor

Aug. 29, 2019 4:34 PM EDT

Months after Cory Booker took office as mayor of Newark, New Jersey, he cleared the way for his former campaign treasurer and law partner Elnardo Webster to wield influence at the nonprofit that supplied water to the city. Over the next seven years, Booker's allies and others squandered millions of dollars in...

Correction: Cyber Fraud-Money Laundering story

Aug. 23, 2019 7:15 PM EDT

LOS ANGELES (AP) — In a story Aug. 22 about federal authorities breaking up an international theft ring, The Associated Press reported erroneously the suspects are accused of stealing at least $46 million. The alleged thefts actually totaled $6 million, and authorities say the suspects attempted to steal...

Men arrested after using open houses to rob celeb's homes

Aug. 22, 2019 9:17 PM EDT

LOS ANGELES (AP) — Prosecutors say two men in Los Angeles were arrested after using open houses to rob homes of celebrities, including singers Usher and Adam Lambert. The Los Angeles County District Attorney's office said Thursday that 32-year-old realtor Jason Emil Yaselli and 33-year-old Benjamin...