Latest Corporate crime News

Vietnam arrests 4 more oil execs in corruption crackdown

Jun. 21, 2018 10:47 PM EDT

HANOI, Vietnam (AP) — Vietnamese police have arrested four more former senior oil executives for allegedly abusing their power to appropriate property as the communist authorities step up their toughest crackdown on corruption in years. The four arrested Thursday were former general directors or chief...

Intel CEO out after consensual relationship with employee

Jun. 21, 2018 10:46 PM EDT

NEW YORK (AP) — Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. Spokesman William Moss said...

Nigerian man sentenced to 15 years for IRS tax-return scheme

Jun. 21, 2018 2:58 PM EDT

PORTLAND, Ore. (AP) — A Nigerian man who masterminded a conspiracy to obtain millions in refunds from the Internal Revenue Service has been sentenced in Oregon to 15 years in federal prison. Emmanuel Kazeem, 35, who also lived in Bowie, Maryland, was sentenced Wednesday in Eugene. A jury previously...

Convicted Republican businessman's company targets Democrats

Jun. 20, 2018 4:38 PM EDT

COLUMBUS, Ohio (AP) — An Ohio company whose Republican owner spent more than a year in prison following a campaign finance probe has organized employees and suppliers in a retaliatory effort to bring down two prominent Democrats, The Associated Press has learned. An explosive memo posted online lays out...

Clarification: Commerce Secretary-Russian Company story

Jun. 20, 2018 3:36 PM EDT

WASHINGTON (AP) — In stories June 19 and 20, The Associated Press described the Russian company Sibur as a gas producer. The stories should have made clear that Sibur's gas production is only one of its activities. It is a petrochemicals company that produces liquefied petroleum gas as well as chemical...

Tesla sues ex-employee alleging data theft, leaks to media

Jun. 20, 2018 2:20 PM EDT

DETROIT (AP) — A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media, the electric car maker alleged in a federal lawsuit. The suit was filed Wednesday, three days after CEO Elon Musk warned employees...

Guilty pleas in illegal shipping of hazardous waste

Jun. 19, 2018 8:02 PM EDT

ST. LOUIS (AP) — Three people have pleaded guilty in federal court to illegally transporting 9 million pounds of hazardous waste from Mississippi to Missouri without acquiring the proper permits. Raymond Williams, 71, of Atlanta, the president and CEO of U.S. Technology Corp., based in Canton, Ohio,...

Russian energy company's manager arrested on spying charges

Jun. 19, 2018 1:26 PM EDT

MOSCOW (AP) — A top manager of a state-controlled Russian energy company has been arrested on spying charges, a Moscow court said Tuesday. The Lefortovo District Court announced that Karina Tsurcan has been put in custody on charges of espionage, but wouldn't give further details. The court hearing was...

Audi names Schot interim CEO, puts jailed Stadler on leave

Jun. 19, 2018 7:32 AM EDT

BERLIN (AP) — German automaker Audi has named sales chief Abraham 'Bram' Schot as interim CEO following the arrest of Rupert Stadler as part of a probe into emissions cheating. Audi, a division of Volkswagen, said in a statement Tuesday that it has also complied with Stadler's request to temporarily...

The Latest: Senate backs bill blocking deal with firm ZTE

Jun. 18, 2018 6:43 PM EDT

WASHINGTON (AP) — The Latest on a defense policy bill that would block a White House plan to allow Chinese telecom giant ZTE Corp. to buy component parts from the U.S. (all times local): 6:40 p.m. The Senate has approved a defense policy bill that includes a pay raise for the military while blocking a...