Latest Corporate crime News

Deutsche Bank was keen to land a 'whale' of a client in Trump, documents at his fraud trial show

Nov. 29, 2023 17:26 PM EST

NEW YORK (AP) — Deutsche Bank viewed Donald Trump as a “whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial. ...

Alex Murdaugh sentenced to 27 years for financial fraud after victims angrily confront him in court

Nov. 28, 2023 19:02 PM EST

For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole some, if not all, of what he won for many of them. Those clients got to look Murdaugh in...

Banker involved in big loans to Trump's company testifies for his defense in civil fraud trial

Nov. 28, 2023 17:26 PM EST

NEW YORK (AP) — When Deutsche Bank loaned Donald Trump's company hundreds of millions lawyers of dollars, the bank always followed its own guidelines that include checking out information that would-be borrowers provide, an executive testified Tuesday at the former president's civil fraud trial....

Corruption case reopened against Argentina's Vice President Fernández, adding to her legal woes

Nov. 28, 2023 15:06 PM EST

BUENOS AIRES, Argentina (AP) — A federal appeals court in Argentina reopened a money laundering investigation into Vice President Cristina Fernández de Kirchner on Tuesday, increasing her legal woes just weeks before she leaves office and loses her immunity from arrest. ...

Beijing police investigate major Chinese shadow bank Zhongzhi after it says it's insolvent

Nov. 27, 2023 05:02 AM EST

HONG KONG (AP) — Police are investigating suspected crimes of a Chinese wealth company owned by Zhongzhi Enterprise Group, according to the Beijing Public Security Bureau, days after the firm told investors it was insolvent. In a statement published on the social media platform...

Closing arguments in Vatican trial seek to expose problems in the city state's legal system

Nov. 22, 2023 14:48 PM EST

VATICAN CITY (AP) — Lawyers for a once-powerful cardinal accused Vatican prosecutors of being “prisoner to their completely shattered theory” on Wednesday in the latest round of closing arguments of a trial that has raised fundamental questions about the rule of law in the city state. ...

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering

Nov. 21, 2023 18:19 PM EST

WASHINGTON (AP) — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on...

Pop star Shakira reaches a deal with Spanish prosecutors on the first day of tax fraud trial

Nov. 20, 2023 16:15 PM EST

BARCELONA, Spain (AP) — After having maintained her innocence for nearly five years, pop star Shakira struck a last-minute deal on the opening day of her tax fraud trial in Barcelona to avoid the risk of going to prison. Shakira told the presiding magistrate, José Manuel del Amo,...

Cyprus president has invited foreign experts to help with Russian sanction evasion investigations

Nov. 20, 2023 14:06 PM EST

NICOSIA, Cyprus (AP) — The president of Cyprus said Monday he personally asked an unnamed “third country” to send an experienced team of financial crime experts to help the east Mediterranean island nation with investigations into old and new allegations that Cypriot financial service...

Pop star Shakira tells Spanish judge she agrees to deal with prosecutors, avoiding a full-fledged tax fraud trial

Nov. 20, 2023 04:33 AM EST
BARCELONA, Spain (AP) — Pop star Shakira tells Spanish judge she agrees to deal with prosecutors, avoiding a full-fledged tax fraud trial.