Latest Corporate crime News

A work-from-home tip: Don't buy stocks after eavesdropping on your spouse's business calls

Feb. 23, 2024 18:01 PM EST

HOUSTON (AP) — A word to the wise: If you overhear your work-from-home spouse talking business, just forget anything you may learn from it. And most definitely do not trade stocks using what authorities will almost certainly view as inside information. Tyler Loudon, a 42-year-old...

A money laundering watchdog removes the UAE, Uganda, Barbados and Gibraltar from a watchlist

Feb. 23, 2024 14:45 PM EST

PARIS (AP) — An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don't take full measures to combat money laundering and terrorism financing. The announcement was made by the Paris-based Financial Action...

Online fundraisers for violent West Bank settlers raised thousands, despite international sanctions

Feb. 23, 2024 06:30 AM EST

JERUSALEM (AP) — When the Biden administration imposed sanctions this month against Israeli settler Yinon Levi for allegedly assaulting Palestinian civilians in the occupied West Bank, his supporters quickly sprang into action. Within days, an online fundraiser collected over...

Panama's judiciary orders arrest of ex-president holed up in Nicaragua's embassy

Feb. 22, 2024 18:52 PM EST

PANAMA CITY (AP) — Panamanian authorities on Thursday ordered the arrest of former President Ricardo Martinelli, who has been holed up in the Nicaraguan Embassy since receiving political asylum from that country earlier this month. A judge approved a requested change of...

South Carolina bans inmates from in-person interviews. A lawsuit wants to change that

Feb. 22, 2024 18:26 PM EST

COLUMBIA, S.C. (AP) — A South Carolina prison policy banning inmates from speaking to reporters in person or having their writings directly published violates the First Amendment free speech rights of prisoners, a civil rights organization said in a federal lawsuit Thursday. While...

Executive is convicted of insider trading related to medical device firm acquisition

Feb. 20, 2024 19:57 PM EST

ST. PAUL, Minn. (AP) — An executive at a medical device company has been convicted in Minnesota of insider trading for a scheme involving negotiations for the acquisition of the firm that was valued at $1.6 billion, federal prosecutors said Tuesday. Doron Tavlin was a vice...

Former Bank of China chairman indicted for bribery in nation's long-running anticorruption drive

Feb. 19, 2024 06:01 AM EST

BEIJING (AP) — The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's yearslong anticorruption drive. Liu Liange is...

Trump avoids 'corporate death penalty' in civil fraud case, but his business will still get slammed

Feb. 17, 2024 16:24 PM EST

NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other...

Judge rejects Texas AG Ken Paxton's request to throw out nearly decade-old criminal charges

Feb. 16, 2024 15:10 PM EST

HOUSTON (AP) — A judge on Friday rejected Texas Attorney General Ken Paxton ’s attempts to throw out felony securities fraud charges that have shadowed the Republican for nearly a decade. The decision by state District Judge Andrea Beall, an elected Democrat, keeps Paxton on...

Hong Kong customs arrests 7 in a $1.8 billion money laundering case linked to transnational crime

Feb. 16, 2024 03:51 AM EST

HONG KONG (AP) — Hong Kong customs officials have arrested seven people linked to the territory's largest ever money laundering case, involving about 14 billion Hong Kong dollars ($1.8 billion) some of it linked to a scam case in India. The seven local residents, aged between 23...