Latest Corporate crime News

The Latest: Central Indiana mayor indicted over bribe

Nov. 18, 2019 4:30 PM EST

MUNCIE, Ind. (AP) — The Latest on the arrest of a central Indiana mayor by FBI agents (all times local): 4:10 p.m. A central Indiana mayor has been indicted on a federal charge of theft of government funds for allegedly taking a $5,000 bribe in exchange for a public contract. An indictment unsealed Monday...

Private prison firm preps for 2020 ‘worst case scenario’

Nov. 15, 2019 5:42 PM EST

NASHVILLE, Tenn. (AP) — The head of a giant private prison company says his firm is prepared for the “worst case scenario” should a Democratic presidential candidate win the 2020 election and attempt to abolish private involvement in the prison sector. CoreCivic CEO Damon Hininger addressed...

Ailing ex-telecom executive Ebbers seeks release from prison

Nov. 15, 2019 1:55 PM EST

JACKSON, Miss. (AP) — A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history is asking a judge to shorten his prison sentence so he can be released as his health deteriorates. Bernard Ebbers led WorldCom, once one of the world’s largest...

Chinese citizen pleads guilty to theft of trade secrets

Nov. 13, 2019 12:30 PM EST

TULSA, Okla. (AP) — Federal prosecutors say a Chinese national employed by a U.S. petroleum company has pleaded guilty in federal court to stealing trade secrets from his employer. Authorities say 35-year-old Hongjin Tan pleaded guilty on Tuesday in federal court in Tulsa to theft of a trade secret,...

Battle-tested attorneys to face off in impeachment inquiry

Nov. 12, 2019 6:32 PM EST

WASHINGTON (AP) — The public impeachment inquiry hearings set to begin Wednesday will pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama administration....

Burgerville settles credit card hack lawsuit

Nov. 12, 2019 3:53 PM EST

PORTLAND, Ore. (AP) — Burgerville has an initial agreement to settle a class-action lawsuit against them over a hack that potentially exposed thousands of customers' credit and debit card information. The Oregonian/OregonLive reports the Vancouver, Washington-based restaurant chain was one of over 100...

Court says EU states must label Israeli settlement products

Nov. 12, 2019 10:31 AM EST

BRUSSELS (AP) — The European Union's top court ruled Tuesday that EU countries must identify products made in Israeli settlements on their labels, in a decision that was welcomed by rights groups but sparked anger in Israel. The European Court of Justice said that when products come from an Israeli...

French company sees some charges quashed over Syria case

Nov. 7, 2019 6:03 AM EST

PARIS (AP) — A French court on Thursday quashed charges of "complicity in crimes against humanity" pressed against French cement company Lafarge, but says other charges will be considered over payments made to armed forces in Syria. The other charges that the Paris appeal court maintained against the...

FTC says people lured by real-estate secrets left in ruin

Nov. 6, 2019 3:38 PM EST

SALT LAKE CITY (AP) — The Federal Trade Commission has sued a company accused of using house-flipping TV celebrities to lure people into spending thousands on expensive training workshops that purported to share lucrative secrets but instead left many in financial ruin. The agency and the Utah Division of...

Supply company accused of diluting spices sold to prisons

Nov. 6, 2019 3:11 PM EST

COLUMBIA, S.C. (AP) — A Pennsylvania-based company diluted spices sold to prisons across the country, federal prosecutors in South Carolina said. According to the false claims lawsuit filed last week, FlavorPros LLC cut spices with flour, starch and other fillers to underbid competitors for $500,000 in...