Latest Corporate crime News

Malaysia ex-deputy PM charged with graft, money laundering

Oct. 19, 2018 5:01 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's former deputy prime minister was charged Friday with abuse of power, corruption and money laundering involving millions of dollars in another graft investigation against leaders ousted in elections earlier this year. Ahmad Zahid Hamidi, who now leads the opposition...

StarKist admits fixing tuna prices, faces $100 million fine

Oct. 19, 2018 12:55 AM EDT

SAN FRANCISCO (AP) — StarKist Co. agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S. Department of Justice announced Thursday. The DOJ said StarKist faces up to a $100 million fine when it is sentenced. Prosecutors allege...

MoviePass operations under investigation by New York AG

Oct. 18, 2018 2:45 PM EDT

NEW YORK (AP) — The company that runs the beleaguered MoviePass discount service for movie tickets is being investigated by the New York Attorney General on allegations that it misled investors. Parent company Helios and Matheson of New York said in a prepared statement that it is aware of the...

Former Microsoft director indicted on embezzlement charges

Oct. 18, 2018 2:10 PM EDT

SEATTLE (AP) — Federal prosecutors have charged a former Microsoft sports marketing director with five counts of wire fraud, accusing him of attempting to embezzle $1.5 million from the company and using his NFL connections to sell Super Bowl tickets for his own gain. Jeff Tran, 45, was the director of...

Woman convicted of fraud; FBI said she cast 'hoodoo' spells

Oct. 17, 2018 12:00 PM EDT

GREENBELT, Md. (AP) — An investment adviser was convicted Wednesday of charges she defrauded investors out of millions of dollars, some of which she used to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators. A federal jury deliberated for roughly four hours over...

Ex-executive gets over year in prison in NY corruption case

Oct. 16, 2018 10:06 PM EDT

NEW YORK (AP) — A former energy company executive was sentenced Tuesday to 14 months in prison after he admitted giving the spouse of one of New York Gov. Andrew Cuomo's top aides a low-show job. Peter Galbraith Kelly Jr. was sentenced Tuesday by U.S. District Judge Valerie Caproni, who said she hoped to...

Jury deliberating in fraud trial of Ponzi scheme suspect

Oct. 16, 2018 5:33 PM EDT

GREENBELT, Md. (AP) — A federal jury began deliberating Tuesday in the trial of an investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme to finance her lavish lifestyle, including spending more than $800,000 for prayers by Hindu priests in India. At the end of Dawn Bennett's...

The Latest: Jury deliberations to resume in Ponzi case

Oct. 16, 2018 5:32 PM EDT

GREENBELT, Md. (AP) — The Latest on the federal trial of a Maryland investment adviser charged with carrying out a multimillion-dollar Ponzi scheme (all times local): 5:30 p.m. Jurors are heading home for the night without reaching a verdict in the trial of a Maryland investment adviser charged with...

Ex-Equifax manager gets home confinement for insider trading

Oct. 16, 2018 5:23 PM EDT

ATLANTA (AP) — A former Equifax manager was sentenced Tuesday to serve eight months home confinement for engaging in insider trading in the wake of the company's massive data breach last year. Sudhakar Reddy Bonthu, who worked as a software product development manager for the Atlanta-based credit-reporting...

Audi fined $925 million in Germany over diesel emissions

Oct. 16, 2018 8:36 AM EDT

FRANKFURT, Germany (AP) — German law enforcement authorities added another chapter to Volkswagen's diesel scandal Tuesday by fining the company's luxury division Audi 800 million euros ($925 million) for selling cars rigged to cheat on emissions tests. Prosecutors in Munich said Tuesday that the fine was...