Latest Corporate crime News

Records show special counsel zeroed in on Cohen early on

Mar. 19, 2019 10:48 PM EDT

NEW YORK (AP) — Hundreds of pages of court records made public Tuesday revealed that special counsel Robert Mueller quickly zeroed in on Michael Cohen, President Donald Trump's former personal attorney and fixer, in the early stages of his Russia probe. The heavily blacked-out records, released by a judge...

Iowa sues to shut down national puppy-laundering ring

Mar. 19, 2019 1:08 PM EDT

DES MOINES, Iowa (AP) — The Iowa Attorney General's Office is suing to shut down what it describes as a national puppy-laundering ring that sells dogs from illegal breeding operations at inflated prices while pretending the animals are rescues. The lawsuit filed Monday seeks an injunction to dissolve...

SEC says Musk's contempt defense 'borders on the ridiculous'

Mar. 19, 2019 11:59 AM EDT

DETROIT (AP) — U.S. securities regulators countered Tesla CEO Elon Musk's contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge's order and that one of his arguments "borders on the ridiculous." Lawyers for the Securities and Exchange Commission, in a...

Marketing group fined $1 million in FIFA corruption case

Mar. 18, 2019 3:27 PM EDT

NEW YORK (AP) — A judge ordered a sports marketing group on Monday to pay a total of $1 million in fines in the FIFA soccer scandal. U.S. District Judge Pamela Chen fined Traffic Sports International and Traffic Sports USA at a hearing federal court in Brooklyn. The companies had been implicated in the...

Latest: Georgetown: Only discussed athletic record with URI

Mar. 14, 2019 11:18 PM EDT

SAN FRANCISCO (AP) — The Latest on a college admissions bribery scandal that has led to charges against coaches and celebrities (all times local): 8 p.m. Georgetown University says it commented only on its former tennis coach's athletic record when asked by another school about Gordon Ernst. The University...

Correction: College Admissions-Bribery story

Mar. 14, 2019 5:18 PM EDT

LOS ANGELES (AP) — In a story March 13 about a college admissions bribery scandal, The Associated Press erroneously described a defendant's employer. The company where Manuel Henriquez worked is a venture capital firm, not a hedge fund. A corrected version of the story is below: Parents charged in...

Huawei pleads not guilty in US court in Iran sanctions case

Mar. 14, 2019 1:47 PM EDT

NEW YORK (AP) — The Chinese electronics giant Huawei pleaded not guilty on Thursday to charges accusing it of plotting to violate Iran trade sanctions, a case that has complicated the China-U.S. trade dispute and cast a harsh light on the daughter of the company's founder. Lawyers for the No. 2 smartphone...

Executive gave tip that launched admissions bribery case

Mar. 14, 2019 12:45 PM EDT

BOSTON (AP) — The biggest school admissions scandal ever prosecuted began with a tip from an executive investigators were targeting in a securities fraud probe, a law enforcement official said Thursday. The executive told Boston authorities chasing down the market manipulation scheme that the women's...

Putin courts Russian business, keeps mum on jailed US exec

Mar. 14, 2019 12:33 PM EDT

MOSCOW (AP) — Russian President Vladimir Putin has promised that the government will do more to encourage investments and reduce business risks. Putin's speech Thursday at a meeting of the Russian Union of Industrialists and Entrepreneurs comes weeks after the arrest of U.S. investment fund manager Michael...

UAW president 'saddened and irritated' by bribery scandal

Mar. 13, 2019 3:20 PM EDT

DETROIT (AP) — The United Auto Workers president says he is "deeply saddened and irritated" by a corruption scandal in which union officials are accused of accepting bribes from Fiat Chrysler executives. Gary Jones made a statement to the media Wednesday at the UAW's national bargaining convention in...