Latest Corporate crime News

Nuke talks uncertain, US hits shippers with NKorea sanctions

Aug. 15, 2018 2:30 PM EDT

WASHINGTON (AP) — With little apparent progress in denuclearization talks with North Korea, the Trump administration on Wednesday stepped up pressure on the isolated nation by punishing three foreign companies accused of helping the North evade international sanctions. The Treasury Department imposed...

Manafort chooses not to testify as defense rests its case

Aug. 14, 2018 5:34 PM EDT

ALEXANDRIA, Va. (AP) — Paul Manafort's defense rested its case Tuesday without calling any witnesses in the former Trump campaign chairman's tax evasion and bank fraud trial. Manafort himself chose not to testify. The decision not to call witnesses clears the way for the jury to hear closing arguments in...

Prosecution rests in Manafort tax evasion and fraud trial

Aug. 13, 2018 10:28 PM EDT

ALEXANDRIA, Va. (AP) — Prosecutors on Monday rested their tax evasion and bank fraud case in the trial of former Trump campaign chairman Paul Manafort, closing two weeks of testimony that depicted him as using millions of dollars hidden in offshore accounts to fund a luxurious lifestyle — and later...

Collins' exit prompts GOP scramble, ballot questions

Aug. 13, 2018 5:57 PM EDT

ALBANY, N.Y. (AP) — Republicans may have to nominate U.S. Rep. Chris Collins for another political office in order to strip his name from the November ballot after the three-term conservative lawmaker dropped his re-election bid following insider trading charges. The odd move may be necessitated by New...

The Latest: Manafort judge closes court for sealed motion

Aug. 13, 2018 5:51 PM EDT

ALEXANDRIA, Va. (AP) — The Latest on Paul Manafort's financial fraud trial (all times local): 5:45 p.m. The judge in Paul Manafort's financial fraud trial has closed the courtroom from the public while he hears argument on a sealed motion filed by the former Trump campaign chairman. U.S. District Judge...

The Latest: Democratic challenger calls on Collins to quit

Aug. 12, 2018 2:25 AM EDT

NEW YORK (AP) — The Latest on U.S. Rep. Chris Collins announcing that he will not run for re-election (all times local): 4:30 p.m. The Democratic challenger to a Republican congressman from western New York facing criminal charges of insider trading is calling on him to resign. Nate McMurray says in a...

GOP uncertain as Rep. Chris Collins ends re-election bid

Aug. 11, 2018 10:02 PM EDT

NEW YORK (AP) — U.S. Rep. Chris Collins ended his re-election bid Saturday, days after his indictment on insider trading charges, a move that raised questions about how the Republican Party might replace him with another nominee in one of New York's most conservative districts. The move came after Collins...

In an about-face, U.S. Rep. Chris Collins says he will suspend his re-election campaign after insider-trading indictment

Aug. 11, 2018 10:29 AM EDT
BUFFALO, N.Y. (AP) — In an about-face, U.S. Rep. Chris Collins says he will suspend his re-election campaign after insider-trading indictment.

Prison for ex-banker who used data to steal from customers

Aug. 10, 2018 9:18 PM EDT

NEW YORK (AP) — A former New York City banker who hawked elderly customers' personal identifying information in a scheme to raid their accounts has been sentenced to four years in federal prison. A judge on Friday has also ordered Peter Persaud to fork over $17,500 in proceeds from his crimes. Prosecutors...

Coal mine supervisors facing fraud charges plead not guilty

Aug. 10, 2018 12:56 PM EDT

OWENSBORO, Ky. (AP) — Eight former supervisors and safety officers at a Kentucky coal company have pleaded not guilty in federal court to charges they rigged dust monitoring in underground mines. The eight officials at Armstrong Coal were arraigned this week in Owensboro and Bowling Green. An indictment...