Latest Corporate crime News
Boeing's CEO is scheduled to field questions about plane safety from U.S. senators
U.S. lawmakers are expected to press Boeing's chief executive Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners plan to be in the room, watching him. CEO David Calhoun is scheduled to...
Serbian court rules to extradite to Belarus a critic of its authoritarian regime
BELGRADE, Serbia (AP) — A Serbian court has ruled to extradite a Belarusian filmmaker and pro-democracy political activist to the authoritarian government in Minsk where he could face prison and torture, his lawyers and supporters said Friday. He is wanted in Belarus for alleged tax evasion. ...
Executives of telehealth company accused of fraud that gave easy access to addictive Adderall drug
LOS ANGELES (AP) — Top executives of a California-based online mental health company were arrested on allegations of improperly prescribing addictive stimulants like Adderall during the coronavirus pandemic and exacerbating the shortage of the drugs for those who medically need them, officials...
Former executive of Mississippi Lottery Corporation is sentenced for embezzlement
BRANDON, Miss. (AP) — A former vice president of the Mississippi Lottery Corporation has been sentenced to five years of house arrest after she pleaded guilty to embezzlement for giving herself unauthorized pay raises, the state auditor said Thursday. Hope Bishop was in charge of...
Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trial
NEW YORK (AP) — For nearly a decade, Ozy Media projected an image of new-media success. The company boasted big-name interviews, an Emmy-winning TV show, a buzzy music and ideas festival and impressive numbers to show prospective investors — until it imploded in 2021 amid doubts...
Bangladesh court indicts Nobel laureate Muhammad Yunus and others on charges of embezzlement
DHAKA, Bangladesh (AP) — A special judge’s court in Bangladesh indicted Wednesday Nobel laureate Muhammad Yunus and 13 others on charges in an over $2 million embezzlement case. Yunus, 83, who was awarded the Nobel Peace Prize in 2006 for pioneering microcredit to help...
Watchdog investigates UAW president Shawn Fain, accuses union of being uncooperative
NEW YORK (AP) — United Auto Workers president Shawn Fain is under investigation by a court-appointed watchdog who has been working to stamp out corruption at the union in the wake of its stunning bribery and embezzlement scandal several years ago. The monitor, Neil Barofsky,...
Visa's Mark Nelsen wants to make your plastic credit card obsolete
Mark Nelsen, Visa’s global head of consumer payments, sees a world where the plastic card in your wallet becomes increasingly obsolete and the standard 16-digit account number becomes worthless. Nelson spoke to The Associated Press about what Visa, the world's largest payment...
He helped turn Detroit's riverfront into an attraction. Feds say he stole $40M while doing it
DETROIT (AP) — A man who for years controlled the finances at a group that has turned Detroit's riverfront into a popular attraction was charged Wednesday with embezzling tens of millions of dollars. William Smith routinely used money from the Detroit Riverfront Conservancy to pay...
Ippei Mizuhara spoke for baseball star Shohei Ohtani. He also stole nearly $17M from him
SANTA ANA, Calif. (AP) — As an interpreter, Ippei Mizuhara was supposed to bridge the gap between baseball star Shohei Ohtani and his English-speaking teammates and fans as the duo traveled from Southern California to ballparks across the U.S. Instead, Mizuhara exploited the...
