Latest Corporate crime News

Chinese national sentenced to prison for trade secrets theft

Feb. 28, 2020 10:10 AM EST

TULSA, Okla. (AP) — A Chinese national who admitted stealing trade secrets from a U.S. petroleum company has been sentenced to two years in federal prison. Hongjin Tan, 36, pleaded guilty in November to theft of a trade secret in connection to his work as a scientist at a Phillips 66 research facility in...

FILE - In a Sept. 21, 2016 file photo, Kevin Marsh, CEO of SCANA Corp., speaks to the media at the V.C. Summer Nuclear Station near Jenkinsville, S.C. The Securities and Exchange Commission sued SCANA Corp., its subsidiary South Carolina Electric & Gas along with the utility's former CEO Kevin Marsh and Executive Vice President Stephen Byrne on Thursday, Feb. 27, 2020. Federal officials say two former executives at a South Carolina utility, former CEO Kevin Marsh and Executive Vice President Stephen Byrne lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors, taking hundreds of millions of dollars out of the pockets of investors and ratepayers. (AP Photo/Chuck Burton, File)

Securities agents sue 2 SC utility execs over nuclear fraud

Feb. 27, 2020 10:23 PM EST

COLUMBIA, S.C. (AP) — Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officials said. The Securities...

Former Baltimore mayor Catherine Pugh, second from left, and her attorney Steven Silverman, left, leave a sentencing hearing at U.S. District Court in Baltimore on Thursday, Feb. 27, 2020. Pugh was sentenced to three years in federal prison for arranging fraudulent sales of her self-published children's books to nonprofits and foundations to promote her political career. (AP Photo/Steve Ruark)

A Baltimore scandal ends as ex-mayor gets 3 years in prison

Feb. 27, 2020 9:56 PM EST

BALTIMORE (AP) — Yet another embarrassing chapter in Baltimore's troubled history ended Thursday when the city's ex-mayor was sentenced to three years in federal prison for fraudulently selling her self-published children’s books to nonprofit organizations to promote her political career. Catherine...

Lawsuit related to motorcycle crash can proceed, judge rules

Feb. 27, 2020 5:31 PM EST

DOVER, N.H. (AP) — A lawsuit against a Massachusetts company that employed a pickup truck driver accused of causing a collision that killed seven motorcyclists in New Hampshire will move forward, a judge ruled Thursday. Mary Lou Welch, who lost her partner in the June crash, is suing Westfield Transport...

Owner of shuttered dairy pleads guilty in $60M fraud

Feb. 27, 2020 5:26 PM EST

PHILADELPHIA (AP) — The owner of an award-winning organic dairy in Pennsylvania that abruptly closed its doors last fall pleaded guilty Thursday to running a Ponzi scheme that bilked investors of nearly $60 million. Philip Riehl, an accountant and the majority owner of Trickling Springs Creamery, ran a...

Bend brewer charged with defrauding customers of over $800K

Feb. 27, 2020 8:11 AM EST

BEND, Ore. (AP) — The owner of a Bend microbrewery is facing federal charges after authorities say he used his brewing company to defraud customers out of more than $800,000. Matthew Mulder, 48, is accused of soliciting and accepting orders for microbrewery equipment and supplies he knew his company...

Former Penn coach slapped with 15-year show-cause penalty

Feb. 26, 2020 6:51 PM EST

PHILADELPHIA (AP) — Former Penn coach Jerome Allen was hit a 15-year show-cause penalty after he accepted $300,000 in bribes to get a wealthy Florida businessman's son into the University of Pennsylvania. The Quakers, out of the Ivy League, also were slapped by the NCAA with two years of probation, fined...

FILE - In this Sept. 23, 2011, file photo, police officers keep an eye on handcuffed men at the east entrance to John Ascuaga's Nugget hotel-casino after a shooting in Sparks, Nev. Eight accused Vagos biker gang members were acquitted Monday, Feb. 24, 2020, of all charges including allegations they were part of a broad criminal racketeering enterprise that committed violent crimes including the killing of a rival Hells Angels leader in a northern Nevada casino shootout in 2011. (The Reno Gazette-Journal via AP, File)

Members of Vagos bikers cleared of all charges in US court

Feb. 25, 2020 2:52 PM EST

LAS VEGAS (AP) — Eight accused Vagos biker gang members were acquitted Monday of all charges alleging they were part of a broad criminal racketeering enterprise that committed violent crimes for more than a decade, including the killing of a rival Hells Angels leader in a casino shootout in 2011. Gasps...

Biotech company employee gets prison in securities scheme

Feb. 21, 2020 10:56 PM EST

BOSTON (AP) — An employee of a Boston-based biotech company became the second person to be sentenced in a scheme officials say was designed to manipulate the company's stock prices and defraud investors. M. Jay Herod, 52, of Cambridge was sentenced Thursday to serve six months in prison for the scheme...

Arizona gets court order blocking vaping firm's products

Feb. 20, 2020 11:18 PM EST

PHOENIX (AP) — Arizona's attorney general has obtained an injunction against a New Jersey-based vaping company he recently sued that bars the company from marketing or selling any of its products in the state. The injunction against Eonsmoke was announced by Attorney General Mark Brnovich on Thursday....