Latest Corporate crime News

Tokyo Olympics bribery arrests widens to third Japan sponsor

Sep. 27, 2022 04:42 AM EDT

TOKYO (AP) — Bribery allegations against a former Tokyo Olympics organizing committee member ensnared a third company that sponsored the Games, as Japanese prosecutors “re-arrested” Haruyuki Takahashi for the third time Tuesday. The latest allegations of dubious payments...

Professor, NASA researcher pleads guilty in China ties case

Sep. 23, 2022 19:06 PM EDT

HOUSTON (AP) — A NASA researcher and Texas A&M University professor pleaded guilty to charges related to hiding his ties to a university created by the Chinese government while accepting federal grant money. Zhengdong Cheng pleaded guilty to two counts — violation of NASA...

NY probe found potential crimes. Why isn't Trump in cuffs?

Sep. 22, 2022 20:11 PM EDT

NEW YORK (AP) — New York’s attorney general says her three-year investigation of former President Donald Trump uncovered potential crimes in the way he ran his real estate empire, including allegations of bank and insurance fraud. So why isn’t Trump being prosecuted? ...

'Art of the steal': Trump accused of vast fraud in NY suit

Sep. 21, 2022 22:40 PM EDT

NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that seeks to...

Ex-California investment company head charged with fraud

Sep. 21, 2022 20:36 PM EDT

LOS ANGELES (AP) — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. James Arthur McDonald...

New York AG seeks sanctions that could hurt Trump's business

Sep. 21, 2022 19:47 PM EDT

NEW YORK (AP) — Donald Trump and his company could face a range of stiff penalties if a court sides with New York's attorney general in a sprawling fraud lawsuit filed against the former president Wednesday. For now, the Republican isn't at risk of going to jail. The lawsuit...

US: 48 exploited pandemic to steal $250M from food program

Sep. 20, 2022 22:55 PM EDT

MINNEAPOLIS (AP) — United States authorities charged 48 people in Minnesota with conspiracy and other counts in what they said Tuesday was the largest pandemic-related fraud scheme yet, stealing $250 million from a federal program that provides meals to low-income children. Federal...

Ex-Maui official, businessman plead guilty for Hawaii bribes

Sep. 19, 2022 21:46 PM EDT

HONOLULU (AP) — A former Maui County official and the Honolulu businessman who paid him $2 million in bribes in exchange for more than $19 million in wastewater contracts each pleaded guilty Monday in one of the largest bribery cases ever prosecuted in Hawaii. Stewart Olani Stant,...

US court awards $73 million for Venezuelan opponent's death

Sep. 19, 2022 21:34 PM EDT

MIAMI (AP) — A federal judge in Miami has awarded $73 million in damages to the family of a prominent opponent of Venezuela's socialist government who died while in custody in what he described as a “murder for hire” carried out by a criminal enterprise led by President Nicolás Maduro. ...

Nikola CEO testifies that company's founder misstated facts

Sep. 19, 2022 18:02 PM EDT

NEW YORK (AP) — Nikola Corp.’s top executive testified at the trial of the truckmaker’s founder on Monday, saying he repeatedly tried without success to rein in a man prone to exaggeration and misstating facts while trying to elevate his company's share price with promises he couldn't keep. ...