Latest Embezzlement News
US extradites former Colombian agriculture minister
WASHINGTON (AP) — The U.S. government extradited a former Colombian official on Friday to face a prison sentence in the South American nation after he was convicted of embezzlement and other charges. Andres Felipe Arias Leiva, who served as Colombia's minister of agriculture and rural development from 2005...
Prosecutors say ex-executive stole money for poker tourneys
LOS ANGELES (AP) — A former executive at a Los Angeles digital marketing company has been arrested on suspicion of embezzling more than $20 million from his employer and using it for personal expenses including buy-ins at professional poker tournaments. The U.S. Attorney's Office says an indictment...
Ex-Caribbean soccer official hit with $79 million judgment
NEW YORK (AP) — A former Caribbean soccer official fighting extradition in the FIFA bribery scandal has been ordered to pay $79 million in damages from a related U.S. lawsuit. U.S. District Judge William Kuntz ordered the default judgment against Jack Warner in the 2017 civil action accusing him of...
Former Microsoft employee gets 2 years for embezzlement
SEATTLE (AP) — A former Microsoft sports marketing director has been sentenced to more than two years in prison after admitting he tried to embezzle $1.5 million — including $240,000 worth of Super Bowl tickets. U.S. District Judge Ricardo Martinez sentenced Jeff Tran to 28 months Friday. Tran, who...
Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M
SAN FRANCISCO (AP) — A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. Jeffrey David, 44, the team's former chief revenue officer, pleaded guilty in December to wire fraud and aggravated identity theft. David diverted the...
Malaysia seeks forfeiture of portion of embezzled 1MDB money
PUTRAJAYA, Malaysia (AP) — Malaysia's anti-graft agency said Friday it has begun legal action to seek forfeiture and recovery of 270 million ringgit ($65.1 million) embezzled from the 1MDB investment fund. Officials estimated that another $5 billion worth in assets abroad linked to the fund could be...
Former head of charity pleads guilty in embezzlement case
BATON ROUGE, La. (AP) — The former lead fundraiser of a Louisiana hospital foundation has pleaded guilty to stealing more than $550,000 for his personal use. News outlets report 49-year-old John Paul Funes entered guilty pleas Thursday on charges of wire fraud and money laundering. Prosecutors say the...
Venezuelan prosecutor: Opposition leader linked to crimes
CARACAS, Venezuela (AP) — Venezuela's chief prosecutor on Tuesday accused opposition leader Juan Guaidó of being the author of an alleged public corruption scheme stemming from a call for security forces to abandon President Nicolás Maduro. Attorney General Tarek William Saab said his office is...
Venezuela's Guaidó grapples with case of alleged corruption
CARACAS, Venezuela (AP) — Venezuela's U.S.-backed opposition on Monday came under increasing scrutiny for a case in which two activists allegedly misappropriated funds designated to help Venezuelan security forces who deserted and crossed into Colombia. Opposition leader Juan Guaidó said his...
Israeli PM's wife sentenced for misusing state funds
JERUSALEM (AP) — A Jerusalem magistrate court on Sunday sentenced Sara Netanyahu, the wife of Israel's Prime Minister Benjamin Netanyahu, to pay a fine of more than $15,000 for misusing state funds. The sentencing comes after she agreed to a plea bargain that ended the years-long saga of just one of the...
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