Latest Corporate crime News

Former hockey team office manager sentenced for embezzlement

Oct. 20, 2020 7:22 PM EDT

RAPID CITY, S.D. (AP) — A former office manager for the Rapid City Rush has been sentenced to more than three years in federal prison for stealing $700,000 from the professional hockey team. Jennifer Durham, 42, pleaded guilty in July to tax evasion and two counts of wire fraud. She worked for the team...

Feds: Newark councilman was part of bribe, kickback scheme

Oct. 20, 2020 6:48 PM EDT

NEWARK, N.J. (AP) — A Newark city councilman conspired with an associate to shake down companies seeking development and construction projects in the city, the U.S. attorney's office charged in a complaint released Tuesday. Joseph McCallum Jr. faces one count of honest services wire fraud, which carries a...

Man gets prison for sabotage that caused PPE delivery delay

Oct. 20, 2020 1:36 PM EDT

ATLANTA (AP) — A former vice president of a medical device packaging company has been sentenced to a year in federal prison for sabotaging his former employer's electronic shipping records, which prosecutors said delayed the delivery of personal protective equipment to health care providers. Christopher...

German businessman charged over exports to Russian military

Oct. 20, 2020 6:08 AM EDT

BERLIN (AP) — A German businessman and an alleged accomplice have been charged over the delivery of machinery to a company linked to the Russian military in violation of European Union sanctions, German prosecutors said Tuesday. The main suspect, identified only as Alexander S. in line with German privacy...

New Mexico retirement board to amend investment policies

Oct. 16, 2020 2:32 PM EDT

ALBUQUERQUE, N.M. (AP) — A panel that oversees a multibillion-dollar pension fund for New Mexico teachers and other educational retirees took a step Friday toward dropping investments in private prison companies. The Educational Retirement Board voted 4-2 with one member abstaining to amend its investment...

Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American. (Dave Rossman/Houston Chronicle via AP)

DOJ charges Texas billionaire in $2 billion tax fraud scheme

Oct. 15, 2020 6:58 PM EDT

SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20...

Iranian CEO sentenced for conspiracy to violate US sanctions

Oct. 15, 2020 5:49 PM EDT

MINNEAPOLIS (AP) — The founder and CEO of an Iranian financial services firm accused of conspiring to violate U.S. sanctions against Iran was sentenced Thursday to nearly two years in federal prison. Seyed Sajjad Shahidian, 33, pleaded guilty in June to one count of conspiracy to defraud and commit...

Bus owner gets probation for bribing federal safety official

Oct. 15, 2020 3:07 PM EDT

BOSTON (AP) — The owner of a Massachusetts-based charter bus company who pleaded guilty to bribing a federal safety inspector was sentenced this week to probation, federal prosecutors said Thursday. Le Wen Wu, 51, of Brooklyn, New York, was sentenced Tuesday in federal court in Boston to two years of...

Israel's AG says he won't probe Netanyahu, cousin share deal

Oct. 15, 2020 2:44 PM EDT

TEL AVIV, Israel (AP) — Israel's attorney general announced Thursday he was not launching a criminal investigation into a murky company share deal between Prime Minister Benjamin Netanyahu and his cousin that netted the Israeli leader an exorbitant return on investments. In a statement, Attorney General...

FILE - In this July 31, 2019, file photo, vehicles are parked outside the home of Paige A. Thompson, who uses the online handle

Former roommate of accused Capital One hacker sentenced

Oct. 15, 2020 12:50 PM EDT

SEATTLE (AP) — The former roommate of a woman accused of hacking Capital One banking company and at least 30 other organizations has been sentenced to four years in prison for illegally possessing firearms, according to federal prosecutors. Park Quan, 67, was sentenced Wednesday in U.S. District Court in...