Latest Corporate crime News

FILE - This May 27, 2019, file photo shows the Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. A federal judge in Detroit dismissed General Motors’ lawsuit Wednesday, July 8, 2020, alleging that rival Fiat Chrysler paid off union leaders to get better contract terms than GM. (AP Photo/Paul Sancya, File)

Judge dismisses GM's bribery lawsuit against Fiat Chrysler

Jul. 8, 2020 5:08 PM EDT

DETROIT (AP) — A federal judge in Detroit has tossed out General Motors’ lawsuit alleging that Fiat Chrysler paid off union leaders to get better contract terms than GM. In a ruling Wednesday, U.S. District Judge Paul Borman wrote that GM’s alleged injuries were not caused by FCA violating...

Frontier Northwest to pay over undisclosed customer fees

Jul. 8, 2020 12:26 PM EDT

OLYMPIA, Wash. (AP) — Frontier Communications Northwest will pay $900,000 to Washington state after an investigation by the attorney general’s office found the company charged customers undisclosed fees and misled them about the speed of its internet service. The Seattle Times reports that Attorney...

FILE - In this Jan. 10, 2020, file photo, former Nissan Chairman Carlos Ghosn speaks to Japanese media during an interview in Beirut, Lebanon. Prosecutors filed documents on Tuesday, July 7, 2020, detailing wire transfers by Ghosn to a company linked to one of the men accused of helping smuggle him out of Japan in a box in 2019. (Meika Fujio/Kyodo News via AP)

US: Ex-Nissan boss wired money to man who helped him flee

Jul. 8, 2020 11:09 AM EDT

Former Nissan Motor Co. Chairman Carlos Ghosn wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, prosecutors said in a new court filing. Prosecutors filed documents Tuesday detailing two wire transfers made by Ghosn in October 2019 as...

The sons of former Panamanian President Ricardo Martinelli, Ricardo Martinelli Linares, right, and his brother Luis Enrique stand inside a holding cell at the judicial court building in Guatemala City, Tuesday, July 7, 2020. The brothers were detained Monday on an international warrant from Interpol on charges of conspiracy to commit money laundering. (AP Photo/Moises Castillo)

Sons of ex-Panama president held in Guatemala on US charges

Jul. 7, 2020 7:38 PM EDT

GUATEMALA CITY (AP) — Two sons of former Panamanian President Ricardo Martinelli will be held in jail in Guatemala pending hearings Friday, officials said Tuesday as the U.S. government seeks their extradition for their alleged role in a bribery and money laundering scheme. Luis Enrique, 38, and Ricardo...

Private prison firm drops efforts to keep Nashville contract

Jul. 7, 2020 5:28 PM EDT

NASHVILLE, Tenn. (AP) — A private prison company abruptly dropped efforts to keep running a jail in Nashville, saying it won't be used as a “punching bag" as city officials take steps to end the agreement on their own. Damon Hininger, CEO of Tennessee-based CoreCivic, informed Nashville-Davidson...

Ivan Safronov, an adviser to the director of Russia's state space corporation, stands behind bars in a courtroom in Moscow, Russia, Tuesday, July 7, 2020. Safronov, a former journalist who worked as an adviser to the director of the Russian state space corporation, pleaded innocent to the treason charges against him. Ivan Safronov, a former journalist who served as an adviser to Roscosmos head Dmitry Rogozin, was detained in Moscow by agents of the Federal Security Service (FSB), the main KGB successor agency. (Sofia Sandurskaya, Moscow News Agency photo via AP)

Russian space official, ex-journalist, charged with treason

Jul. 7, 2020 4:32 PM EDT

MOSCOW (AP) — A former journalist who worked as an adviser to the director of Russia's state space corporation was arrested and jailed Tuesday on charges of passing military secrets to Czech intelligence, accusations that many of his colleagues dismissed as absurd. Ivan Safronov, who had written about...

FILE - In this Dec. 30, 2011 file photo, Cao GuangJing, left, CEO of China Three Gorges Corporation, embraces Antonio Mexia, CEO of Energia de Portugal (EDP) after signing a deal at the Portuguese Finance Ministry in Lisbon. The Lisbon stock exchange on Monday july 6, 2020, suspended trading in Portugal's national energy provider EDP and its international renewable energy division after media reports said a magistrate has suspended the CEOs of both companies amid a major corruption investigation. EDP is one of Portugal's biggest companies, with significant interests in the U.S. renewable energy market. Its biggest shareholder is China Three Gorges. (AP Photo/ Francisco Seco)

Portuguese energy firms replace CEOs amid corruption probe

Jul. 7, 2020 7:06 AM EDT

LISBON, Portugal (AP) — Shares in Portugal’s blue-chip national energy provider EDP and its international renewable energy division rose Tuesday after the companies replaced their CEOs amid a corruption investigation. An investigating magistrate on Monday ruled that Energias de Portugal CEO Antonio...

Data shows companies cited as virus hot spots received loans

Jul. 6, 2020 6:58 PM EDT

SALT LAKE CITY (AP) — Two companies in Utah that were accused of creating COVID-19 hot spots were among the recipients of a $600 billion-plus coronavirus aid program meant to help small businesses nationwide during the pandemic, according to data released by the Treasury Department on Monday. The data...

Trading halted in Portugal energy firm amid corruption probe

Jul. 6, 2020 1:57 PM EDT

LISBON, Portugal (AP) — The Lisbon stock exchange suspended trading in Portugal’s national energy provider EDP and its international renewable energy division Monday after media reports said a magistrate had suspended the chief executives of both companies amid a major corruption investigation. The...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Second executive arrested in Wirecard scandal in Germany

Jul. 6, 2020 10:37 AM EDT

FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after former CEO...