Latest Corporate crime News

CEO in scheme that left workers without paychecks pleads

Aug. 12, 2020 12:37 PM EDT

ALBANY, N.Y. (AP) — The former head of payroll company pleaded guilty Wednesday to federal charges related to a scheme that caused more than $100 million in losses to banks and businesses and left thousands of workers at small businesses without paychecks. Former ValueWise CEO Michael Mann faces from 17...

FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. On Feb 2020, Spanish police arrested Lozoya in southern Spain. Mexico had been pursuing Lozoya through Europe for months over allegations of an illegal contract while he was at Pemex. (AP Photo/Gustavo Martinez Contreras, File)

Mexico probing alleged bribes in ex-president's campaign

Aug. 11, 2020 7:26 PM EDT

MEXICO CITY (AP) — The Mexico Attorney General's Office said Tuesday it is investigating allegations that former President Enrique Peña Nieto partially funded his 2012 election campaign with bribes from the Brazilian construction company Odebrecht, which has admitted to involvement in widespread...

Officials: Florida man lied to get $60,000 in virus loans

Aug. 11, 2020 2:58 AM EDT

MIAMI (AP) — A South Florida man has been accused of fraudulently obtaining $60,000 in federal coronavirus relief loans. Judlex Jean Louis, 32, of Lauderhill, was arrested and charged last week with bank fraud, making false statements to a financial institution and aggravated identity theft, the U.S....

Company accused of saying product could lower COVID-19 risk

Aug. 10, 2020 12:56 PM EDT

SAVANNAH, Ga. (AP) — A Georgia company falsely claimed a vitamin D product it was selling could lower the risk of becoming infected with COVID-19, federal prosecutors said. Matthew Ryncarz and his company Fusion Health and Vitality, which operated as Pharm Origins, are accused of saying a product called...

Potential Kodak deal paused until 'allegations are cleared'

Aug. 8, 2020 4:46 PM EDT

NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared. “Recent allegations of wrongdoing raise serious concerns,” said the U.S....

Indiana utility faces $1.1M fine over safety violations

Aug. 8, 2020 10:52 AM EDT

MERRILLVILLE, Ind. (AP) — A northern Indiana utility is facing a $1.1 million fine — the largest in state history — after state regulators cited it for natural gas pipeline safety violations and specified that the company cannot pass that cost onto its ratepayers. The Indiana Utility...

Acting Director of U.S. Immigration and Customs Enforcement Matt Albence comments Thursday, Aug. 6, 2020, in Jackson, Miss., after the announcement of the indictments of four executives from two Mississippi poultry processing plants on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. Their announcement happened a day before the one-year anniversary of the raids in which 680 people were arrested at seven poultry plants in central Mississippi. U.S. Attorney Mike Hurst listens in rear. (AP Photo/Rogelio V. Solis)

4 poultry plant execs indicted after 2019 immigration raid

Aug. 7, 2020 6:35 PM EDT

JACKSON, Miss. (AP) — Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. U.S. Attorney Mike Hurst and the acting director of U.S. Immigration and Customs Enforcement,...

FILE - In this May 22, 2019, file photo, Ariel Quiros, left, former owner of Jay Peak Resort, stands outside the federal courthouse in Burlington, Vt., after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors' money. The Miami businessman, accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments, is expected to plead guilty in next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. (AP Photo/Lisa Rathke, File)

Miami business to plead guilty in Vermont fraud case

Aug. 7, 2020 6:08 PM EDT

BURLINGTON, Vt. (AP) — The Miami businessman accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments is expected to plead guilty next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. Ariel...

Arizona wins $22.5 million judgment against NJ vaping firm

Aug. 7, 2020 3:20 PM EDT

PHOENIX (AP) — Arizona's attorney general has obtained a $22.5 million judgment against a New Jersey-based vaping company along with a court order permanently barring the company from selling its products in the state. Attorney General Mark Brnovich announced the judgment against Eonsmoke on Friday. The...

Officials: 5 business owners charged in federal loan scheme

Aug. 7, 2020 3:38 AM EDT

ATLANTA (AP) — Five small business owners are accused of fraudulently obtaining about $4 million in federal funds created to help businesses amid the pandemic, and using them for personal expenses. The scheme began when four of the business owners submitted or helped submit loan applications that sought...