Latest Corporate crime News

Ex-Hawaii senator sentenced to 40 months for taking bribes

Jul. 05, 2022 22:20 PM EDT

HONOLULU (AP) — A former Hawaii state senator was sentenced to 40 months in prison Tuesday for taking bribes in exchange for shaping legislation while in office. Former Senate Majority Leader J. Kalani English, 55, pleaded guilty to honest services wire fraud in February,...

California man will plead guilty in cannabis pen fraud

Jul. 01, 2022 19:40 PM EDT

LOS ANGELES (AP) — A Southern California man who once competed on the Philippines national decathlon team has agreed to plead guilty to bilking investors out of more than $28 million with a phony scheme to market cannabis vape pens, federal prosecutors announced Friday. David...

Massachusetts man to plead guilty to pandemic relief fraud

Jul. 01, 2022 09:52 AM EDT

BOSTON (AP) — A Massachusetts man has agreed to plead guilty to fraudulently obtaining about $1.2 million in federal loans intended to help businesses struggling because of the COVID-19 pandemic. James Joseph Cohen, 59, of Wenham, between April 2020 and September 2021 submitted six...

US government distributes $92M for soccer corruption victims

Jun. 30, 2022 17:59 PM EDT

NEW YORK (AP) — The U.S. Justice Department has distributed about $92 million in additional compensation from money forfeited by convicted officials and associated companies resulting from the government's prosecution of corruption in soccer. The money is for compensation for...

Rhode Island man sentenced in insider trading scheme

Jun. 30, 2022 14:27 PM EDT

BOSTON (AP) — A Rhode Island man who authorities say made a more than $50,000 profit by trading shares of a Massachusetts semiconductor company based on insider information has been sentenced to a month of home detention and two years of probation. John Younis, 59, of Bristol,...

20 convicted in Paris terrorist attacks trial: Who they are

Jun. 29, 2022 17:11 PM EDT

PARIS (AP) — A total of 20 men were convicted Wednesday over the 2015 Paris attacks by Islamic State extremists on the Bataclan theater, Paris cafes and the national stadium. Most attention has focused on the lone surviving member of the attack team, Salah Abdeslam. Others were...

Feds drop Haitian bribes case after new evidence emerges

Jun. 28, 2022 12:16 PM EDT

BOSTON (AP) — Federal prosecutors have dropped the case against a retired U.S. Army colonel and another businessperson after new evidence surfaced days before they were set to stand trial for a second time on allegations that they conspired to pay millions of dollars in bribes to Haitian...

LA developer convicted of bribing ex-city councilman

Jun. 27, 2022 21:03 PM EDT

LOS ANGELES (AP) — A real estate developer was found guilty of bribery Monday for giving $500,000 in cash to a former Los Angeles city councilman and his special assistant in exchange for favors. A jury convicted Dae Yong Lee, 57, and a company he controlled of bribery, honest...

Jury takes fraud case against Elizabeth Holmes's ex-partner

Jun. 24, 2022 18:28 PM EDT

SAN JOSE, Calif. (AP) — The fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley. ...

Owners of candle factory damaged in tornado plan expansion

Jun. 23, 2022 19:28 PM EDT

The company that operated a Kentucky candle factory leveled by a deadly winter tornado plans to ramp up production with a $33 million investment at a nearby plant, Gov. Andy Beshear announced Thursday. Mayfield Consumer Products LLC, a maker of candles and other home fragrance...