Latest Corporate crime News

Man accused in $1.5 million Ponzi scheme has hearing delayed

Aug. 19, 2019 10:56 AM EDT

SALT LAKE CITY (AP) — A court appearance for a 72-year-old Utah man charged in what prosecutors call a $1.5 million Ponzi scheme has been delayed so he can recover from surgery after a heart attack. The Standard-Examiner reports that Robert Glen Mouritsen is a former stake president in The Church of Jesus...

4 Louisiana men to plead guilty in Mississippi bribe scheme

Aug. 18, 2019 6:10 PM EDT

Four Louisiana men say they'll plead guilty to charges that they tried to bribe a Mississippi sheriff with $2,000 in casino chips, seeking lucrative jail contracts. Michael LeBlanc Sr. of Baton Rouge, Michael LeBlanc Jr. of Prairieville, Tawasky Ventroy of Opelousas and Jacque Jones of LaPlace have filed notices...

Fraud plagues disaster relief efforts

Aug. 17, 2019 3:01 AM EDT

PANAMA CITY, Fla. (AP) — As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken areas. Last year,...

Leader of largest US organic food fraud gets 10-year term

Aug. 16, 2019 9:24 PM EDT

CEDAR RAPIDS, Iowa (AP) — A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn't want. U.S. District Judge C.J. Williams said Randy Constant orchestrated a...

Whistleblower accuses GE of fraud, misleading investors

Aug. 15, 2019 6:11 PM EDT

NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38 billion,...

Owners of fake tech company plead guilty to fraud charges

Aug. 14, 2019 7:55 PM EDT

FAIRVIEW HEIGHTS, Ill. (AP) — Two Florida men have pleaded guilty to wire fraud charges filed in southern Illinois, where they targeted people with fake technical support services. Michael Austin Seward of Deerfield Beach and Kevin James McCormick of Delray Beach admitted Wednesday they operated a scam...

Ethics commissioner finds Canada PM Trudeau violated ethics

Aug. 14, 2019 4:52 PM EDT

TORONTO (AP) — Canada's ethics commissioner said Wednesday that Prime Minister Justin Trudeau improperly pressured a former attorney general to halt the criminal prosecution of a company, a development that could imperil his re-election chances. The report comes just before the official start of...

Ex-community college executive embezzled $7.5 million

Aug. 14, 2019 4:38 PM EDT

ST. LOUIS (AP) — A former employee of St. Louis Community College has pleaded guilty to federal fraud and money laundering charges for stealing more than $7.5 million over two decades from a job training program. The U.S. attorney's office in St. Louis says 57-year-old Donald Robison of Ballwin pleaded...

Ex-baseball star gets home detention in insider trading case

Aug. 13, 2019 2:49 PM EDT

SANTA ANA, Calif. (AP) — Former Major League Baseball player Doug DeCinces was sentenced to eight months of home detention and ordered to pay a $10,000 fine for his role in an insider-trading scheme, a newspaper reported. DeCinces, who played third base for the California Angels and Baltimore Orioles, was...

Indiana-based payroll company seeks bankruptcy protection

Aug. 13, 2019 1:28 PM EDT

ELKHART, Ind. (AP) — An Indiana-based payroll processing company has filed for Chapter 11 bankruptcy protection, blaming its financial woes on a "complex scheme" orchestrated by its founder. Interlogic Outsourcing Inc. sought Chapter 11 protection in documents filed Saturday in federal bankruptcy court in...