Latest Corporate crime News

FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File)

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Oct. 25, 2020 8:38 PM EDT

SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78. Lee died with his family members by his side,...

Iowa telemarketers ordered to pay $820,000 for fraud

Oct. 24, 2020 12:05 PM EDT

DES MOINES, Iowa (AP) — A judge has ordered a Quad Cities couple who operated two telemarketing firms to pay $820,000 for consumer fraud. Misty and Paul Barnes and their companies, telemarketing firms PM Specialties and Milestone Consulting, were sued in February by the Iowa Attorney General for a range of...

Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday,  Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.  The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Oct. 22, 2020 5:49 PM EDT

WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and former top...

NYU to remove Sackler name following Purdue Pharma deal

Oct. 22, 2020 1:55 PM EDT

NEW YORK (AP) — New York University's Langone Medical Center will strip the Sackler name from its biomedical institute following the Justice Department's announcement that Purdue Pharma, the company founded by the Sackler family, will plead guilty to federal criminal charges over the company's role in the...

Subsidiary of Goldman Sachs pleads guilty, agrees to $2B settlement in foreign corruption probe of Malaysian wealth fund

Oct. 22, 2020 11:14 AM EDT
WASHINGTON (AP) — Subsidiary of Goldman Sachs pleads guilty, agrees to $2B settlement in foreign corruption probe of Malaysian wealth fund.

German arrest order for Panama Papers lawyers faces hurdle

Oct. 21, 2020 6:59 PM EDT

PANAMA CITY (AP) — A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne...

Ex-Blue Bell Creameries CEO charged in deadly listeria case

Oct. 21, 2020 6:52 PM EDT

AUSTIN, Texas (AP) — The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak linked to the company's ice cream that killed three people in Kansas and sickened several others, federal prosecutors announced Wednesday. A federal...

OxyContin maker Purdue Pharma to plead to 3 criminal charges

Oct. 21, 2020 4:01 PM EDT

WASHINGTON (AP) — Drugmaker Purdue Pharma, the company behind OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday. ...

Former hockey team office manager sentenced for embezzlement

Oct. 20, 2020 7:22 PM EDT

RAPID CITY, S.D. (AP) — A former office manager for the Rapid City Rush has been sentenced to more than three years in federal prison for stealing $700,000 from the professional hockey team. Jennifer Durham, 42, pleaded guilty in July to tax evasion and two counts of wire fraud. She worked for the team...

Feds: Newark councilman was part of bribe, kickback scheme

Oct. 20, 2020 6:48 PM EDT

NEWARK, N.J. (AP) — A Newark city councilman conspired with an associate to shake down companies seeking development and construction projects in the city, the U.S. attorney's office charged in a complaint released Tuesday. Joseph McCallum Jr. faces one count of honest services wire fraud, which carries a...