Latest Corporate crime News

Interpol arrests 300 people in a global crackdown on West African crime groups across 5 continents

Jul. 17, 2024 09:13 AM EDT

DAKAR, Senegal (AP) — In a global operation targeting West African organized crime groups across five continents, police arrested 300 people, seized $3 million and blocked 720 bank accounts, Interpol said Tuesday. Operation Jackal III, which ran from 10 April to 3 July in 21...

Former Chicago hospitals executives charged in $15M embezzlement scheme

Jul. 15, 2024 16:12 PM EDT

CHICAGO (AP) — Federal authorities have charged a former Loretto Hospital executive in a scheme to embezzle $15 million from the health care facility. In an indictment filed late last week, Anosh Ahmed was charged with eight counts of wire fraud, four counts of embezzlement, 11...

Germany says it saw fewer security problems than expected during Euro 2024

Jul. 15, 2024 09:17 AM EDT

BERLIN (AP) — German authorities had fewer security problems and crimes to deal with than they expected at the European Championship, the country's top security official said Monday. The tournament ended on Sunday with Spain beating England 2-1 in the final in Berlin and no reports...

What's worse than thieves hacking into your bank account? When they steal your phone number, too

Jul. 14, 2024 00:12 AM EDT

WASHINGTON (AP) — One Monday morning in May, I woke up and grabbed my cell phone to read the news and scroll through memes. But it was out of cell service. I couldn't make calls or texts. That, though, turned out to be the least of my problems. Using my home Wi-Fi...

One Tech Tip: Protecting yourself against SIM swapping

Jul. 14, 2024 00:10 AM EDT

NEW YORK (AP) — SIM-swapping is a growing form of identity theft that goes beyond hacking into an email or social media account. In this case, the thieves take over your phone number. Any calls or texts go to them, not to you. Any protections consumers enabled to secure access to...

Former Georgia insurance commissioner sentenced to prison after pleading guilty to health care fraud

Jul. 12, 2024 19:18 PM EDT

ATLANTA (AP) — A federal judge on Friday sentenced former Georgia Insurance Commissioner John Oxendine to serve three-and-a-half years in prison after Oxendine pleaded guilty to conspiracy to commit health care fraud. U.S. District Judge Steve Jones had one question for the...

Former international mission worker is convicted of spying in Russian-held Donetsk

Jul. 12, 2024 11:27 AM EDT

A former staff member of an international monitoring mission in eastern Ukraine was convicted of spying by a court in the Moscow-occupied Donetsk, the Russian prosecutor general’s office said Friday. Vadym Golda — who was a security assistant for the Organization for Security and...

Founder of collapsed hedge fund Archegos Capital is convicted in securities fraud scheme

Jul. 10, 2024 18:57 PM EDT

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars. Bill Hwang looked straight ahead...

Archegos Capital Management founder convicted of securities fraud in a scheme that prosecutors said cost banks billions

Jul. 10, 2024 17:17 PM EDT
NEW YORK (AP) — Archegos Capital Management founder convicted of securities fraud in a scheme that prosecutors said cost banks billions.

Ex-senator, Illinois governor candidate McCann gets 3 1/2 years for fraud and money laundering

Jul. 10, 2024 15:57 PM EDT

SPRINGFIELD, Ill. (AP) — A former Illinois state senator and candidate for governor was sentenced Wednesday in federal court to 3 1/2 years in prison after pleading guilty to fraudulent use of campaign funds, money laundering and tax evasion. U.S. District Court Judge Colleen...