Latest Corporate crime News

Adani mulls suing US short-seller as shares sink up to 20%

Jan. 27, 2023 06:36 AM EST

NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that have led investors to dump its stocks....

New USDA rule boosts "organic" food oversight, targets fraud

Jan. 19, 2023 16:34 PM EST

The Agriculture Department on Thursday issued new requirements for foods labeled organic, a move aimed at cracking down on fraud and boosting oversight. The rule strengthens enforcement of the USDA’s strict definitions of organic, which must rely on “natural substances and...

Kentucky AG promotes effort to combat human trafficking

Jan. 19, 2023 05:03 AM EST

FRANKFORT, Ky. (AP) — Kentucky Attorney General Daniel Cameron said an initiative launched by his office has the potential to become a “game changer” in fighting human trafficking. The initiative mobilizes communities and landlords to identify and shutter illicit massage...

Ex-Fox execs go on trial in soccer TV rights bribery case

Jan. 17, 2023 20:47 PM EST

NEW YORK (AP) — Two former Fox executives went on trial Tuesday, accused of bribing South American soccer officials for TV rights to one of the continent’s biggest annual tournaments and using information gathered in the process to help the network’s winning World Cup broadcast bid. It's the...

Thriving network of fixers preys on migrants crossing Mexico

Dec. 29, 2022 00:15 AM EST

TAPACHULA, Mexico (AP) — When migrants arrive to the main crossing point into southern Mexico -- a steamy city with no job opportunities, a place packed with foreigners eager to keep moving north -- they soon learn the only way to cut through the red tape and expedite what can be a monthslong...

Former Harvard coach, dad acquitted in college bribery case

Dec. 21, 2022 18:26 PM EST

BOSTON (AP) — A former Harvard fencing coach was acquitted Wednesday of charges that he accepted more than $1.5 million in bribes in exchange for designating a wealthy businessman's two sons as recruits to help secure their admission to the elite university. Jurors found Peter...

US charges 8 in social media 'pump-and-dump' stock scheme

Dec. 14, 2022 16:38 PM EST

WASHINGTON (AP) — The government on Wednesday charged eight men of earning more than $100 million in illicit stock market profits by manipulating their novice-investor followers on social media. The Justice Department and the Securities and Exchange Commission said that from early...

New FTX CEO says lax oversight, bad decisions caused failure

Dec. 13, 2022 17:55 PM EST

WASHINGTON (AP) — Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company's new CEO, who testified...

Trump Organization convicted in executive tax dodge scheme

Dec. 06, 2022 21:52 PM EST

NEW YORK (AP) — Donald Trump’s company was convicted of tax fraud Tuesday for helping executives dodge taxes on extravagant perks such as Manhattan apartments and luxury cars, a repudiation of financial practices at the former president’s business as he mounts another run for the White House....

Mississippi grain company's ex-CEO indicted on fraud charges

Dec. 06, 2022 19:08 PM EST

GREENVILLE, Miss. (AP) — The former leader of a Mississippi grain storage and processing company has been indicted on federal and state charges, more than a year after the company filed for bankruptcy, prosecutors said Tuesday. John R. Coleman, 46, of Greenwood, Mississippi, is the...