Latest Corporate crime News

Bank CEO pleads not guilty in bid to get Trump post

May. 23, 2019 9:26 PM EDT

NEW YORK (AP) — A banker who prosecutors say tried to buy himself a senior post in President Donald Trump's administration by making risky loans to former Trump campaign chairman Paul Manafort pleaded not guilty Thursday to a financial institution bribery charge as his lawyer said he's done nothing wrong....

Tokyo-Vegas investment chief gets 50 years in huge scheme

May. 23, 2019 7:08 PM EDT

LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ranks among the largest-ever fraud cases in the U.S. Defendant Edwin...

The Latest: Stephen Calk pleads not guilty in loan scheme

May. 23, 2019 3:35 PM EDT

NEW YORK (AP) — The latest on the charges against bank CEO Stephen Calk (all times local): 3:30 p.m. A banker charged in New York with issuing loans to win a role in President Donald Trump's administration has pleaded not guilty. Stephen Calk entered the plea during an appearance in Manhattan federal court...

Mexico official says former Pemex chief was sanctioned

May. 23, 2019 12:03 PM EDT

MEXICO CITY (AP) — A former executive at Mexico's state-owned oil company who was sanctioned this week by the comptroller's office has been identified as Pemex's former director Emilio Lozoya by the head of the country's financial intelligence unit. Santiago Nieto, who investigates crimes for Mexico's...

Germany's Bosch fined $100 million over diesel scandal

May. 23, 2019 7:28 AM EDT

BERLIN (AP) — German prosecutors have fined auto parts and technology company Bosch 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015. Prosecutors in Stuttgart said Thursday that the company, formally called Robert Bosch GmbH, was fined for a...

Ex-detective pleads guilty to operating brothels

May. 22, 2019 9:34 PM EDT

NEW YORK (AP) — A retired New York Police Department vice detective and his wife have admitted to running a prostitution and gambling ring that allegedly involved seven police officers and dozens of civilians. Prosecutors say 51-year-old Ludwig Paz pleaded guilty Wednesday to attempted enterprise...

Ski resort leaders, businessman indicted on fraud charges

May. 22, 2019 5:25 PM EDT

BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case were indicted on federal charges unsealed Wednesday over a failed plan to build a biotechnology plant using foreign investors' money. The charges are against Jay Peak's former...

Prominent upstate New York landlord indicted for fraud

May. 22, 2019 5:12 PM EDT

BUFFALO, N.Y. (AP) — Prominent upstate New York landlord Robert Morgan was charged Wednesday in a 114-count federal indictment with inflating property values in his expansive real estate portfolio to secure more than $500 million in loans. The indictment also named Morgan's son, Todd Morgan, and two other...

Virginia airline founder charged with fraud, tax evasion

May. 22, 2019 10:01 AM EDT

NEWPORT NEWS, Va. (AP) — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D. Morisi was arrested Tuesday, accused of defrauding creditors of nearly $448,000. An indictment says he used most of the...

St. Louis-area executive accused of embezzling $3.8 million

May. 20, 2019 1:15 PM EDT

ST. LOUIS (AP) — The chief financial officer for a St. Louis-area company is accused in a federal indictment of embezzling $3.8 million. The indictment of 45-year-old Bryan Vonderahe of Kirkwood was announced Monday. He is accused of three felony counts of wire fraud. Vonderahe worked for the Boyd Group,...