Latest Corporate crime News
Shadowy brokers walk off with billions in Venezuelan oil
CARACAS, Venezuela (AP) — One startup lists as its address a small home in a working-class district in Venezuela's capital whose owner has never heard of the firm. Another is a Hong Kong-based shell company created in 2020. Yet another belongs to a Spanish commodities trader indicted in the U.S....
US makes corporate transparency commitment with 20 nations
WASHINGTON (AP) — Treasury Secretary Janet Yellen affirmed America’s commitment to enhancing corporate transparency along with more than 20 other countries participating in this week's Summit for Democracy. While the Biden administration is already working to establish a new...
Editorial Roundup: Illinois
Chicago Tribune. March 13, 2023. Editorial: Dollar stores are an imaginary plague Forever, it seems, well-meaning busybodies have tried to steer the less affluent to shop in a way that suits wealthy people who think they know what’s best for those pinching pennies....
Gun dealer sued by Kansas City settles for $150K
KANSAS CITY, Mo. (AP) — Kansas City has reached a settlement with one of the gun dealers it accused in a lawsuit of contributing to surging violence in the region by ignoring evidence that firearms were being sold illegally. Kansas City Mayor Quinton Lucas said in a statement...
As bourbon booms, thirst for rare brands breeds skullduggery
SALEM, Ore. (AP) — Buttery, smooth, oaky. These are characteristics of the best bourbons, and a growing cult of aficionados is willing to pay hundreds or even thousands of dollars to get their hands on scarce American spirits — and even bend or break laws. The first challenge is...
Texas energy company paying $3.4B for nuclear plant owner
AKRON, Ohio (AP) — Amid a federal corruption case, a company that owns nuclear plants in Pennsylvania and northern Ohio will be sold for more than $3.4 billion to an Irving, Texas-based company. Under the deal announced Monday, Ohio-based Energy Harbor will become part of a newly...
Ericsson to pay $206M for breaking US deal in bribery case
STOCKHOLM (AP) — Swedish telecom equipment maker Ericsson has agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait. ...
Cars to campus safety: A look at bills headed to Youngkin
RICHMOND, Va. (AP) — As Virginia lawmakers near the end of a short legislative session marked by partisan debates over guns, abortion and other contentious issues, they are also running behind on efforts to come to an agreement on the state budget. But they have found bipartisan...
Ozy Media founder Carlos Watson denies federal fraud charges
NEW YORK (AP) — The founder of the troubled digital start-up Ozy Media pleaded not guilty Thursday to federal fraud charges accusing him of scheming to prop up his financially struggling company, which hemorrhaged millions of dollars before it shut down amid revelations of possibly deceptive...
Virginia passes law to crack down on organized retail theft
RICHMOND, Va. (AP) — It's a scene that's gone viral over and over, with social media videos showing groups of thieves brazenly stealing bags of merchandise from stores around the country. Organized retail theft is a financial problem for businesses and a crime trend that police...
