Latest Corporate crime News

US judge denies bail for ex-Peruvian president Toledo

Jul. 19, 2019 8:07 PM EDT

SAN FRANCISCO (AP) — A U.S. judge on Friday denied bail for former Peruvian President Alejandro Toledo after prosecutors argued that he was a flight risk and pointed out officials found a suitcase with $40,000 in cash during his arrest. "If the defendant were to flee, this would be a diplomatically...

2 Utah polygamous group members plead guilty in tax scheme

Jul. 19, 2019 7:07 PM EDT

SALT LAKE CITY (AP) — Two executives of a Salt Lake City biodiesel company linked to a polygamous group have pleaded guilty to charges filed in what prosecutors have called a $511 million tax credit scheme, according to documents made public Friday. Washakie Renewable Energy once described itself as the...

South Africa's president accused of misleading Parliament

Jul. 19, 2019 7:06 PM EDT

JOHANNESBURG (AP) — A South African corruption watchdog on Friday said President Cyril Ramaphosa "deliberately misled" Parliament about a campaign contribution, a setback for a leader who has vowed to address sprawling graft allegations that forced his predecessor from office and sparked national outrage....

China calls on US to 'correct' Iran sanctions

Jul. 19, 2019 7:17 AM EDT

BEIJING (AP) — China urged Washington on Friday to "correct" sanctions imposed on Chinese companies accused of helping Iran acquire materials for its nuclear program. U.S. pressure on Iran and its "long-arm jurisdiction" against companies in third countries is the "root cause" of tension with Tehran, a...

Court upholds 'Pharma Bro' Martin Shkreli's conviction

Jul. 18, 2019 12:54 PM EDT

NEW YORK (AP) — A federal appeals court upheld the securities fraud conviction against former drug company CEO Martin Shkreli, known as "Pharma Bro," on Thursday, along with a $7.3 million forfeiture of assets. A judge sentenced Shkreli to seven years in prison last year for his conviction on charges he...

The Latest: Shkreli lawyer disappointed by upheld conviction

Jul. 18, 2019 12:09 PM EDT

NEW YORK (AP) — The Latest on a federal appeals court upholding the securities fraud conviction against former drug company CEO Martin Shkreli (all times local): ___ 12:10 p.m. Martin Shkreli's lawyer has expressed disappointment after a federal appeals court upheld the securities fraud conviction against...

Prosecutor: Israeli woman oversaw $145M investor fraud plot

Jul. 16, 2019 6:57 PM EDT

GREENBELT, Md. (AP) — Recorded telephone calls, company emails and videotaped evidence will show that an Israeli woman oversaw a "massive" scheme to defraud tens of thousands of investors across the globe out of tens of millions of dollars, a federal prosecutor told jurors Tuesday. "She trained (employees)...

Lawyer sentenced to 5 years for scamming Barkley, others

Jul. 16, 2019 6:52 PM EDT

BIRMINGHAM, Ala. (AP) — A lawyer convicted of swindling NBA star Charles Barkley and using the name of former Secretary of State Condoleezza Rice to bolster an investment scam was sentenced to five years in prison Tuesday. U.S. District Judge Karon O. Bowdre also ordered Donald Watkins to pay about $14...

Man pleads guilty in case tied to ex-St. Louis County leader

Jul. 16, 2019 5:03 PM EDT

ST. LOUIS (AP) — A businessman pleaded guilty to federal charges Tuesday, admitting that he provided bribes as part of a pay-to-play scheme led by the former St. Louis County executive. John Rallo's plea to three bribery counts makes him the fourth person to plead guilty in connection with the case. He...

Former Peruvian president Alejandro Toledo arrested in US

Jul. 16, 2019 3:50 PM EDT

LIMA, Peru (AP) — Former Peruvian President Alejandro Toledo, who faces corruption charges in his homeland, was arrested in the United States following an extradition request, U.S. and Peruvian authorities said Tuesday. The U.S. Marshals Service arrested Toledo and he appeared before U.S. Magistrate Judge...