Latest Corporate crime News

AP source: Ponzi schemer Bernie Madoff dies in prison

Apr. 14, 2021 09:59 AM EDT

NEW YORK (AP) — Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press. Madoff died at the Federal Medical Center in Butner, North...

Feds: 'Breaking Bad' inspired researcher to seek poisons

Apr. 13, 2021 14:24 PM EDT

BOSTON (AP) — The former head of advanced research at a Boston-area biotechnology company told investigators he was inspired by the television show "Breaking Bad" when he tried to obtain the powerul poison ricin, federal prosecutors said Tuesday. Ishtiaq Ali Saaem, 37,...

Huawei, HSBC agree on document deal for extradition case

Apr. 12, 2021 06:22 AM EDT

HONG KONG (AP) — Chinese telecommunications equipment firm Huawei said Monday that it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the U.S. Meng, who was...

SKorea's Moon says EV battery settlement 'very meaningful'

Apr. 12, 2021 05:11 AM EDT

SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Monday welcomed a decision by two South Korean electric vehicle battery makers to settle a long-running intellectual property dispute that had threatened thousands of American jobs and President Joe Biden's environmental...

Broadband nonprofit's ex-CEO charged with misusing funds

Apr. 10, 2021 14:18 PM EDT

BALTIMORE (AP) — A Maryland man who served as CEO of a broadband nonprofit has been indicted on federal charges that he misused government contract money and used more than $160,000 in company funds to pay for a boat and a family vacation. A grand jury on Thursday...

Families traumatized by violence face crime scene cleanup

Apr. 10, 2021 03:18 AM EDT

PHILADELPHIA (AP) — In the days after Patricia Norris was murdered in her West Oak Lane home, her family was busy planning the unexpected funeral, and investigators had finished collecting evidence. But no one told the Norris family what they’d find when they came back to the house to...

Former lawmaker must pay more than $10 million in fraud case

Apr. 09, 2021 17:48 PM EDT

ATLANTA (AP) — A lawyer for a former state lawmaker and Georgia Board of Regents member says his client has been ordered to pay nearly $10.8 million after being accused of running what authorities called a Ponzi scheme. Dean Alford of Conyers resolved the matter through...

Man who embezzled $36M from L.A. firm sentenced to prison

Apr. 08, 2021 19:36 PM EDT

LOS ANGELES (AP) — A man who embezzled more than $36 million from a Los Angeles company was sentenced Thursday to 10 1/2 years in federal prison and ordered to repay the money. Paul McDaniel, 44, used most of the funds he embezzled to pay off $23 million in credit card...

Ex-state senator enters innocent plea on federal tax charges

Apr. 07, 2021 16:58 PM EDT

CHICAGO (AP) — A former Illinois state senator pleaded not guilty Tuesday to federal charges of lying on personal income tax reports and failing to file tax returns for her lobbying and consulting firm. Annazette Collins entered the plea in U.S. District Court in...

Editorial Roundup: Illinois

Apr. 07, 2021 10:57 AM EDT

Arlington Heights Daily Herald. April 2, 2021. Editorial: The lead in Illinois’ drinking water U.S. senators Tammy Duckworth and Dick Durbin are pushing for the Environmental Protection Agency to strengthen safe drinking water protections in...