Latest Corporate crime News

Ex-OppenheimerFunds worker charged in $8M inside trade case

Sep. 23, 2021 19:17 PM EDT

NEW YORK (AP) — A former OppenheimerFunds analyst was freed Thursday on $1.5 million bail after he was arrested on insider trading charges alleging he used secrets at the firm to collect over $8 million in illegal profits. Sergei Polevikov, 48, of Port Washington, New...

Zuma's trial postponed until October in South Africa

Sep. 22, 2021 11:43 AM EDT

JOHANNESBURG (AP) — The corruption trial of former South African President Jacob Zuma was postponed until Oct. 26 while the judge considers a plea from Zuma's lawyer that the prosecution team be dismissed from the case for being biased. Zuma wasn't present for the...

Former Chick-fil-A employee pleads guilty to fraud

Sep. 21, 2021 17:17 PM EDT

BIRMINGHAM, Ala. (AP) — A former Chick-fil-A manager pleaded guilty Tuesday in a scheme that defrauded customers of nearly $500,000 to finance a lifestyle that included luxury vehicles and vacations, prosecutors said. Larry James Black Jr., who worked as hospitality...

Ex-CEO of suburban Chicago company acquitted in federal case

Sep. 21, 2021 15:46 PM EDT

CHICAGO (AP) — A federal judge has acquitted the former CEO of a suburban Chicago manufacturing company of all charges in a case that accused him of inflating revenue reports by $24 million. U.S. District Judge Robert Gettleman cleared Gary Winemaster of all counts...

Ex-South African president absent at corruption trial

Sep. 21, 2021 09:23 AM EDT

JOHANNESBURG (AP) — Former South African president Jacob Zuma did not attend a hearing in his corruption trial Tuesday, prompting prosecutors to question his absence and ask the judge to examine his medical records. Zuma was released from an unrelated 15-month jail...

Trump CFO's lawyer says he suspects more indictments on way

Sep. 20, 2021 15:49 PM EDT

NEW YORK (AP) — A lawyer for Donald Trump’s indicted corporate finance chief told a judge Monday he has “strong reason to believe” more indictments are coming in an ongoing New York investigation into the former president’s real estate empire. Lawyer Bryan...

Man sentenced in $4 million fraud scheme involving boats

Sep. 17, 2021 18:17 PM EDT

SPRINGFIELD, Mo. (AP) — A Rogersville man was sentenced Friday to five years in federal prison for running a boat building scheme that defrauded customers out of more than $4 million. Michael Michael David Dismer, 53, was sentenced for tax evasion for failing to pay...

SEC charges Florida man for insider trading of Mylan stock

Sep. 17, 2021 18:03 PM EDT

NEW YORK (AP) — A former executive at pharmaceutical company Mylan has pleaded guilty to insider trading in the company’s securities, the Justice Department said Friday. The department said Dayakar Mallu, 51, of Orlando, Florida, worked with another executive at Mylan...

Company to pay USAF sergeant $60K for auctioning possessions

Sep. 16, 2021 14:56 PM EDT

BOSTON (AP) — A Massachusetts storage company that federal prosecutors said illegally auctioned the personal possessions of an Air Force sergeant while he was deployed has agreed to pay the service member $60,000 in compensation, the U.S. attorney's office in Boston announced Thursday. ...

Seafood company owner pleads guilty to visa fraud

Sep. 16, 2021 12:00 PM EDT

BALTIMORE (AP) — An Eastern Shore ice and seafood company and its owner have pleaded guilty to employing foreign workers illegally and visa fraud in a manipulation of a seasonal worker program to boost profits at the workers’ expense, federal prosecutors announced Wednesday. ...