Latest Corporate crime News

Biotech company employee gets prison in securities scheme

Feb. 21, 2020 10:56 PM EST

BOSTON (AP) — An employee of a Boston-based biotech company became the second person to be sentenced in a scheme officials say was designed to manipulate the company's stock prices and defraud investors. M. Jay Herod, 52, of Cambridge was sentenced Thursday to serve six months in prison for the scheme...

Arizona gets court order blocking vaping firm's products

Feb. 20, 2020 11:18 PM EST

PHOENIX (AP) — Arizona's attorney general has obtained an injunction against a New Jersey-based vaping company he recently sued that bars the company from marketing or selling any of its products in the state. The injunction against Eonsmoke was announced by Attorney General Mark Brnovich on Thursday....

Business owner sentenced for slayings of 2 employees

Feb. 20, 2020 9:40 PM EST

MILWAUKEE (AP) — A former Franklin business owner was sentenced Thursday to 72 years in prison for killing his two employees and burning their bodies in a fire pit. Matthew Neumann, 44, maintained his innocence at his sentencing, drawing gasps in the courtroom as he denied responsibility for the deaths of...

Time Warner Cable to pay $18.8M in California internet case

Feb. 20, 2020 9:18 PM EST

LOS ANGELES (AP) — Time Warner Cable will pay $18.8 million to settle a lawsuit that claimed it misled more than 170,000 California customers who paid for high-speed internet service that they didn't receive, prosecutors said Thursday. Eligible customers will receive about $16.9 million in refunds in...

FILE - In this July 18, 2019 file photo Benjamin Glassman, the former United States Attorney of the Southern District of Ohio, speaks during a news conference in Cincinnati. Squire Patton Boggs announced Thursday, Feb. 20, 2020, that Glassman, who recently resigned, will be joining the global law firm as a partner. (AP Photo/John Minchillo, File)

Former US attorney joins global law firm

Feb. 20, 2020 2:36 PM EST

CINCINNATI (AP) — A global law firm announced Thursday it has hired another prominent former federal official from southwest Ohio. Squire Patton Boggs said Benjamin Glassman will work out of its Cincinnati and Columbus offices as a partner in its government investigations and white collar practice group. ...

Israeli prosecutors announce criminal investigation into Netanyahu challenger's failed company, jolting election.

Feb. 20, 2020 1:24 PM EST
JERUSALEM (AP) — Israeli prosecutors announce criminal investigation into Netanyahu challenger's failed company, jolting election.

Car salesman gets 6+ years for stealing $3M from clients

Feb. 20, 2020 4:08 AM EST

FORT LAUDERDALE, Fla. (AP) — A former salesman at a Florida Porsche dealership has been sentenced to 6 1/2 years in prison for scamming more than 30 customers out of about $3 million by creating fake sales orders for rare cars. U.S. District Judge Rodney Smith sentenced Shiraaz Sookralli, 45, in Fort...

US jury in Las Vegas mulling accused Vagos racketeering case

Feb. 19, 2020 8:50 PM EST

LAS VEGAS (AP) — Jurors in Las Vegas began deliberating Wednesday whether federal prosecutors proved after five months of contentious testimony that eight accused Vagos biker gang members conspired in a broad criminal racketeering enterprise to commit violent crimes. Those crimes included the killing of a...

Former Illinois Gov. Rod Blagojevich dabs blood from his chin during a news conference outside his home Wednesday, Feb. 19, 2020, in Chicago. On Tuesday, President Donald Trump commuted Blagojevich's 14-year prison sentence for political corruption. Blagojevich joked that it was the first time in a long time he has shaved with a normal razor. (AP Photo/Charles Rex Arbogast)

Trump picks pardon requests from wealthy pals and GOP donors

Feb. 19, 2020 8:16 PM EST

WASHINGTON (AP) — There's a common thread among the 11 felons who found favor with President Donald Trump this week — all who were pardoned or set free had advocates among the president’s wealthy friends and political allies. In at least some cases, including former Illinois Gov. Rod...

Californian will plead guilty in $150 million currency scam

Feb. 19, 2020 7:05 PM EST

LOS ANGELES (AP) — A Southern California man charged with bilking nearly $150 million out of 70,000 investors worldwide through a phony digital currency scheme has agreed to enter a guilty plea to federal charges, it was announced Wednesday. Steven Chen, 62, of Bradbury agreed Tuesday to plead guilty to...