Latest Corporate crime News

Trump testimony expected soon in NY civil investigation

Aug. 09, 2022 23:22 PM EDT

NEW YORK (AP) — Former President Donald Trump is expected to be questioned under oath in the coming days in the New York attorney general's long-running investigation into his dealings as a real estate mogul. The deposition could be a critical moment in the investigation of...

Ex-Texas mayor, developer sentenced to prison for corruption

Aug. 04, 2022 17:13 PM EDT

DALLAS (AP) — A former Dallas-area mayor and a developer were sentenced Thursday to six years each in federal prison for bribery and tax fraud in a public corruption case that could have formed the plot of a movie. From May 2013 to April 2015, developer Mark Jordan plied...

New crypto oversight legislation arrives as industry shakes

Aug. 03, 2022 17:32 PM EDT

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...

Mexico's attorney general investigating ex-president

Aug. 02, 2022 19:25 PM EDT

MEXICO CITY (AP) — Mexico’s Attorney General’s Office said Tuesday that it has opened several lines of investigation against former President Enrique Peña Nieto, several weeks after the country’s anti-money laundering agency accused the former leader of handling millions of dollars in...

Rent-A-Center settles alleged California overpricing dispute

Aug. 02, 2022 18:07 PM EDT

SACRAMENTO, Calif. (AP) — Rent-A-Center, one of the nation’s largest rent-to-own companies, will pay $15.5 million to settle California's allegations that it misled and overcharged tens of thousands of customers, Attorney General Rob Bonta said Tuesday. An investigation of the...

Feds target US companies caught in lucrative shark fin trade

Aug. 02, 2022 09:57 AM EDT

MIAMI (AP) — It's one of the seafood industry's most gruesome hunts. Every year, the fins of as many as 73 million sharks are sliced from the backs of the majestic sea predators, their bleeding bodies sometimes dumped back into the ocean where they are left to suffocate or die of...

Ex-US congressman from Indiana gets bail in stock cheat case

Jul. 27, 2022 17:24 PM EDT

NEW YORK (AP) — A former U.S. congressman from Indiana can remain free on $250,000 bail as he awaits trial in a federal insider trading case, a judge said Wednesday. U.S. District Judge Richard M. Berman in Manhattan also ordered Stephen Buyer to stay in the continental United...

Ex-US congressman among 9 charged in insider trading cases

Jul. 25, 2022 17:14 PM EDT

NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York...

WWE's McMahon says he is retiring amid misconduct probe

Jul. 22, 2022 20:01 PM EDT

World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE,...

Film producer pleads guilty in fraud investment scams

Jul. 22, 2022 19:02 PM EDT

ATLANTA (AP) — A movie producer has pleaded guilty to several counts of fraud and money laundering arising from his fraudulent promotion of two cryptocurrency investment schemes, federal prosecutors said. Ryan Felton, 48, entered the plea on the fourth day of his jury trial in his...