Latest Corporate crime News

FILE - This Aug. 28, 2019, file photo shows the Adelanto U.S. Immigration and Enforcement Processing Center operated by GEO Group, Inc. (GEO) a Florida-based company specializing in privatized corrections in Adelanto, Calif. Speaking to investors last week, the founder of the private prison company GEO Group, which has been donating large sums to President Donald Trump and Republican candidates, predicted his company would rebound after the November election.  (AP Photo/Chris Carlson, File)

Private prison industry backs Trump, prepares if Biden wins

Aug. 13, 2020 1:27 PM EDT

HOUSTON (AP) — Executives at the nation’s two largest private prison companies have been donating large sums to President Donald Trump and Republican candidates with an eye toward the November elections that one of the corporations believes will lead to a rebound in its stock price. The fortunes of...

This wanted poster, provided by the German police on Wednesday, August 12, 2020, shows Jan Marsalek, the former 'Wirecard' chief operating officer. German investigators are appealing for the public’s help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster for Jan Marsalek, saying the 40-year-old Austrian is suspected to have fled Germany after learning authorities were after him. (BKA via AP)

German investigators appeal for help finding tech executive

Aug. 13, 2020 9:14 AM EDT

BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster late Wednesday for Jan Marsalek, saying the...

Prosecutor asks 14 years for billionaire in bribery case

Aug. 12, 2020 6:51 PM EDT

CHARLOTTE, N.C. (AP) — A federal prosecutor said Wednesday that a billionaire Durham businessman should spend 14 years in prison for trying to bribe North Carolina's top insurance regulator with large political contributions. U.S. Attorney Andrew Murray laid out the prosecution's sentencing recommendation...

CEO in scheme that left workers without paychecks pleads

Aug. 12, 2020 3:56 PM EDT

ALBANY, N.Y. (AP) — The former head of payroll company pleaded guilty Wednesday to federal charges related to a scheme that caused more than $100 million in losses to banks and businesses and left thousands of workers at small businesses without paychecks. Former ValueWise CEO Michael Mann faces from 17...

FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. On Feb 2020, Spanish police arrested Lozoya in southern Spain. Mexico had been pursuing Lozoya through Europe for months over allegations of an illegal contract while he was at Pemex. (AP Photo/Gustavo Martinez Contreras, File)

Mexico probing alleged bribes in ex-president's campaign

Aug. 11, 2020 7:26 PM EDT

MEXICO CITY (AP) — The Mexico Attorney General's Office said Tuesday it is investigating allegations that former President Enrique Peña Nieto partially funded his 2012 election campaign with bribes from the Brazilian construction company Odebrecht, which has admitted to involvement in widespread...

Officials: Florida man lied to get $60,000 in virus loans

Aug. 11, 2020 2:58 AM EDT

MIAMI (AP) — A South Florida man has been accused of fraudulently obtaining $60,000 in federal coronavirus relief loans. Judlex Jean Louis, 32, of Lauderhill, was arrested and charged last week with bank fraud, making false statements to a financial institution and aggravated identity theft, the U.S....

Company accused of saying product could lower COVID-19 risk

Aug. 10, 2020 12:56 PM EDT

SAVANNAH, Ga. (AP) — A Georgia company falsely claimed a vitamin D product it was selling could lower the risk of becoming infected with COVID-19, federal prosecutors said. Matthew Ryncarz and his company Fusion Health and Vitality, which operated as Pharm Origins, are accused of saying a product called...

Potential Kodak deal paused until 'allegations are cleared'

Aug. 8, 2020 4:46 PM EDT

NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared. “Recent allegations of wrongdoing raise serious concerns,” said the U.S....

Indiana utility faces $1.1M fine over safety violations

Aug. 8, 2020 10:52 AM EDT

MERRILLVILLE, Ind. (AP) — A northern Indiana utility is facing a $1.1 million fine — the largest in state history — after state regulators cited it for natural gas pipeline safety violations and specified that the company cannot pass that cost onto its ratepayers. The Indiana Utility...

Acting Director of U.S. Immigration and Customs Enforcement Matt Albence comments Thursday, Aug. 6, 2020, in Jackson, Miss., after the announcement of the indictments of four executives from two Mississippi poultry processing plants on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. Their announcement happened a day before the one-year anniversary of the raids in which 680 people were arrested at seven poultry plants in central Mississippi. U.S. Attorney Mike Hurst listens in rear. (AP Photo/Rogelio V. Solis)

4 poultry plant execs indicted after 2019 immigration raid

Aug. 7, 2020 6:35 PM EDT

JACKSON, Miss. (AP) — Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. U.S. Attorney Mike Hurst and the acting director of U.S. Immigration and Customs Enforcement,...