Latest Corporate embezzlement News

Convicted shoe company exec to forfeit home to feds

Oct. 04, 2021 08:51 AM EDT

BOSTON (AP) — A former executive at a Massachusetts shoe manufacturer convicted last month of embezzling $30 million from the company must also now surrender his $800,000 home, according to court records. A federal forfeiture notice shows the government will seize a...

Ex-shoe company exec gets nearly 6 years for embezzlement

Sep. 16, 2021 08:55 AM EDT

BOSTON (AP) — A former executive at a nearly 140-year-old shoe manufacturer in Massachusetts has been sentenced to nearly six years in prison for embezzling $30 million from the company and spending it on luxury items and travel for himself and another person, federal prosecutors in Boston...

Samsung's Lee appears at trial ahead of parole release

Aug. 12, 2021 02:50 AM EDT

SEOUL, South Korea (AP) — A day ahead of his release on parole, Samsung scion Lee Jae-yong appeared in a South Korean court Thursday for another trial over alleged financial crimes — a reminder of his looming legal risks even as he leaves prison. The Justice Ministry...