Latest Corporate crime News

Former U.S. Rep. Chris Collins arrives at federal court for sentencing Friday, Jan. 17, 2020, in New York. Collins pleaded guilty last fall to insider trading and lying to the FBI. (AP Photo/Seth Wenig)

Ex-US Rep. Collins gets over 2 years in insider trading case

Jan. 17, 2020 10:30 PM EST

NEW YORK (AP) — The first member of Congress to endorse Donald Trump to be president was sentenced Friday to two years and two months in federal prison after admitting he helped his son and others dodge $800,000 in stock market losses when he learned that a drug trial by a small pharmaceutical company had...

Grain handling company fined $292K after 2 employees die

Jan. 17, 2020 10:51 AM EST

MAUMEE, Ohio (AP) — A federal agency fined an Ohio-based grain handling company over alleged safety violations that led to the deaths of two employees last year. The Occupational Safety and Health Administration fined The Andersons Inc. nearly $292,000 for grain handling, and walking and working surfaces...

No charges for shooter who killed man at Christmas party

Jan. 15, 2020 6:22 PM EST

LEXINGTON, S.C. (AP) — A man who fatally shot another man at a company Christmas party won't face criminal charges because he acted in self-defense, authorities in South Carolina said Wednesday. Lexington police told news outlets that no charges will be filed against Glenn Wilbur Rowe Jr., 46, in the...

4th person pleads guilty in $1B California energy scam

Jan. 15, 2020 1:30 AM EST

SACRAMENTO, Calif. (AP) — An executive of a San Francisco Bay Area solar energy company pleaded guilty Tuesday to participating in what federal prosecutors said was a massive Ponzi scheme that defrauded investors of $1 billion. Ryan Guidry, 43, of Pleasant Hill entered pleas involving the scam and money...

FILE - In this Wednesday, May 29, 2019 file photo, a woman checks the Grindr app on her mobile phone in Beirut, Lebanon. Dating apps including Grindr, OkCupid and Tinder leak personal information to advertising tech companies in possible violation of European data privacy laws, a Norwegian consumer group said in a report Tuesday, Jan. 14, 2020. The Norwegian Consumer Council said it found “serious privacy infringements” in its analysis of how shadowy online ad companies track and profile smartphone users. (AP Photo/Hassan Ammar, file)

Dating apps leak personal data, Norwegian group says

Jan. 14, 2020 4:25 PM EST

LONDON (AP) — Dating apps including Grindr, OkCupid and Tinder leak personal information to advertising tech companies in possible violation of European data privacy laws, a Norwegian consumer group said in a report Tuesday. The Norwegian Consumer Council said it found “serious privacy...

US judge appoints receiver to oversee Butte Bitcoin plant

Jan. 14, 2020 2:20 PM EST

BUTTE, Mont. (AP) — A U.S. judge has appointed a receiver to oversee a Bitcoin plant in Montana after the majority owner was indicted on federal charges alleging he was running a Ponzi scheme involving cryptocurrency investments. U.S. District Judge Brian Morris on Friday appointed retired U.S. Magistrate...

Michigan State Police to investigate breathalyzer supplier

Jan. 13, 2020 10:06 PM EST

DETROIT (AP) — Michigan State Police has launched a fraud investigation into the company that supplies the state's breathalyzer devices after evidence indicated the company falsified records and misrepresented the devices' accuracy, state officials announced Monday. State police officials last week...

In this Oct. 1, 2019, file photo, former U.S. Rep. Chris Collins leaves federal court in New York. Prosecutors recommended Monday, Jan. 13, 2020, that Collins receive nearly five years for insider trading. U.S. District Judge Vernon Broderick is scheduled to sentence Collins on Friday. (AP Photo/Frank Franklin II, File)

Prosecutors seek nearly 5 years in prison for ex-Congressman

Jan. 13, 2020 9:42 PM EST

NEW YORK (AP) — A former congressman should serve nearly five years in prison for insider trading, especially after coming to represent “the cynical idea that those in power who make the laws are not required to follow them,” prosecutors said Monday. Christopher Collins, 69, is scheduled to...

Prosecutor: Former top stockbroker 'built business on lies'

Jan. 13, 2020 6:17 PM EST

A former financial planner who was kicked out of the securities industry and ordered to pay millions of dollars in damages to customers he allegedly tricked into high-risk investments went on trial Monday on criminal fraud charges. Anthony Diaz was fired by a series of brokerages amid persistent customer...

Founder of brokerage firm pleads guilty to securities fraud

Jan. 13, 2020 3:40 PM EST

BOSTON (AP) — The founder and operator of an asset management firm pleaded guilty Monday to engaging in a securities fraud scheme that netted about $164 million, federal prosecutors said. Roger Knox, 49, pleaded guilty to securities fraud and conspiracy to commit securities fraud before U.S. District Court...