Latest Corporate crime News

Jury takes fraud case against Elizabeth Holmes's ex-partner

Jun. 24, 2022 18:28 PM EDT

SAN JOSE, Calif. (AP) — The fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley. ...

Owners of candle factory damaged in tornado plan expansion

Jun. 23, 2022 19:28 PM EDT

The company that operated a Kentucky candle factory leveled by a deadly winter tornado plans to ramp up production with a $33 million investment at a nearby plant, Gov. Andy Beshear announced Thursday. Mayfield Consumer Products LLC, a maker of candles and other home fragrance...

Epic Charter School founders, ex-CFO facing criminal charges

Jun. 23, 2022 18:25 PM EDT

OKLAHOMA CITY (AP) — The founders and former chief financial officer of Epic Charter Schools were arrested Thursday and are facing felony criminal charges alleging they diverted millions of taxpayer dollars in a complicated scheme that involved excessive management fees, state investigators said....

Ex-Venezuela mayor pleads guilty for $3.8 million in bribes

Jun. 23, 2022 12:47 PM EDT

CLEVELAND (AP) — A onetime ally of the late Venezuelan President Hugo Chávez pleaded guilty in Miami on Thursday for taking $3.8 million in bribes in exchange for steering lucrative oil contracts from foreign-owned joint ventures to officials in Venezuela's socialist government and military. ...

Former pharma employee admits role in insider trading scheme

Jun. 23, 2022 11:05 AM EDT

NEWARK, N.J. (AP) — A former communications director at a pharmaceutical company has pleaded guilty in what authorities said was an insider trading scheme involving a breast cancer drug. Lauren Wood pleaded guilty Wednesday in Newark to one count of securities fraud and is...

Massachusetts man pleads guilty in pandemic loan fraud case

Jun. 23, 2022 09:09 AM EDT

BOSTON (AP) — A Massachusetts man who lied on his application for federal coronavirus business stimulus funds and then used some of the $400,000 he received to pay his mortgage has pleaded guilty to wire fraud, federal prosecutors said. Adley Bernadin, 44, of Stoughton, entered his...

Exec returns to Toyota as adviser after '15 arrest in Japan

Jun. 23, 2022 06:34 AM EDT

TOKYO (AP) — An American executive who resigned from Toyota after being arrested in Japan in 2015 on suspicion of drug law violations is back at the Japanese automaker, the company said Thursday. Julie Hamp has been hired by Toyota Motor Corp.'s North American operations to support...

To avoid US extradition, Megaupload pair plead guilty in NZ

Jun. 22, 2022 02:26 AM EDT

WELLINGTON, New Zealand (AP) — As part of a deal they struck to avoid extradition to the United States, two men pleaded guilty Wednesday in New Zealand to their involvement in running the once wildly popular pirating website Megaupload. The pleas by Mathias Ortmann and Bram van der...

Judge: Va. facility can sell some dogs, must stop breeding

Jun. 19, 2022 14:57 PM EDT

LYNCHBURG, Va. (AP) — A federal judge is allowing a company that runs a central Virginia research dog-breeding facility to resume selling some dogs for biomedical research purposes, but he ordered Envigo RMS to cease breeding new puppies. U.S. District Judge Norman Moon’s...

Jury convicts Seattle woman in massive Capital One hack

Jun. 17, 2022 22:07 PM EDT

SEATTLE (AP) — A federal jury on Friday convicted a former Seattle tech worker of several charges related to a massive hack of Capital One bank and other companies in 2019. Paige Thompson, 36, a former Amazon software engineer who used the online handle “erratic,” obtained the...