Latest Corporate crime News

Editorial Roundup: Texas

Nov. 23, 2020 10:00 AM EST

The Dallas Morning News. Nov. 22, 2020 Southwest is losing millions a day, and it’s expanding. That’s not crazy Once again, Southwest looks for opportunity in trouble This year has been tough on all sorts of businesses. It’s been devastating for airlines. Layoffs and furloughs by the tens of...

FILE - In this Nov. 5, 2020 file photo, President Donald Trump speaks at the White House in Washington. The president's legal entanglements are likely to intensify when leaves the White House in January 2021 and loses immunity from prosecution. (AP Photo/Evan Vucci, File)

Criminal probe, legal fights await Trump after White House

Nov. 20, 2020 1:02 AM EST

A few miles south of the namesake tower where Donald Trump began his run for president, New York prosecutors are grinding away at an investigation into his business dealings that could shadow him long after he leaves office in January. The probe led by Manhattan District Attorney Cyrus Vance Jr. is one of several...

FILE- In this June 13, 2017, file photo, Ivanka Trump joins her father, President Donald Trump, as they walk across the South Lawn of the White House in Washington. New York's attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of a broad civil investigation into the president's business dealings, a law enforcement official said Thursday, Nov. 19, 2020.(AP Photo/Pablo Martinez Monsivais, File)

NY probes Trump consulting payments that reduced his taxes

Nov. 20, 2020 12:49 AM EST

NEW YORK (AP) — New York's attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of a broad civil investigation into the president's business dealings, a law enforcement official said Thursday. The New York Times, citing anonymous...

FirstEnergy: Ohio regulator's firm got $4M consulting fee

Nov. 19, 2020 8:17 PM EST

COLUMBUS, Ohio (AP) — Fired former FirstEnergy executives improperly paid a firm tied to a future Ohio utility regulator about $4 million early last year to terminate “a purported consulting agreement” that had been in place since 2013, one of the nation's largest electric utilities told...

Groundwater commission members face ethics violations

Nov. 17, 2020 2:34 PM EST

BATON ROUGE, La. (AP) — The Louisiana Board of Ethics has charged three members of a groundwater commission in the state with a conflict-of-interest violation for working at companies regulated by the same commission. The Capital Area Ground Water Conservation in Baton Rouge, which is tasked with...

California suspect flees using underwater ‘sea scooter’

Nov. 16, 2020 7:32 PM EST

REDDING, Calif. (AP) — A man wanted for his role in an alleged $35 million Ponzi scheme was arrested Monday after evading FBI agents by swimming into California’s largest reservoir using an underwater “sea scooter,” federal prosecutors said. Matthew Piercey spent nearly 30 minutes in...

Ex-Harvard coach, father charged in $1.5M admissions scam

Nov. 16, 2020 6:05 PM EST

BOSTON (AP) — The former fencing coach at Harvard and a wealthy Maryland businessman were arrested Monday on accusations that the coach took $1.5 million in bribes in exchange for helping the businessman get his two sons into the Ivy League school as recruited fencers. Peter Brand, 67, who was fired by...

Tucson banker gets prison for fraud: Must pay back $1.25M

Nov. 16, 2020 2:56 PM EST

TUCSON, Ariz. (AP) — A Tucson banker has been sentenced to nearly two years in prison for defrauding an 82-year-old customer. Federal prosecutors said 38-year-old Jacob Roach was given a 40-month prison term and ordered to pay $1.25 million in restitution. They said Roach was employed as a business...

Lawsuit says bus company missed trips, defrauded NJ Transit

Nov. 16, 2020 1:48 PM EST

A bus company defrauded New Jersey’s public transit corporation out of more than $15 million by underreporting trips its buses missed and billing for trips it never took, according to a civil complaint announced Monday. Attorney General Gurbir Grewal announced the state has joined a whistleblower lawsuit...

Feds investigating NW company making virus protection claims

Nov. 14, 2020 9:11 AM EST

BLAINE, Wash. (AP) — Federal investigators are looking into a company in northwestern Washington for claiming its products, specifically copper water bottles, can protect people from the coronavirus. The website copperH20.com invites customers to “experience the benefits of a copper water...