Latest Corporate crime News

The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption

Mar. 03, 2024 19:51 PM EST

BEIJING (AP) — The former chairman of the state-owned Bank of Beijing is under investigation for corruption, the latest in a series of graft investigations focused on the country’s financial sector. Yan Bingzhu, who led the bank since its establishment in 1996 and until he...

Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case

Mar. 03, 2024 08:07 AM EST

DHAKA, Bangladesh (AP) — A court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case. Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six...

ICC rules that a probe into alleged crimes against humanity in Venezuela may proceed

Mar. 01, 2024 12:11 PM EST

THE HAGUE, Netherlands (AP) — Appeals judges at the International Criminal Court ruled Friday that an investigation into alleged crimes against humanity committed by Venezuelan security forces under President Nicolás Maduro ’s rule during a crackdown on anti-government protests in 2017 may...

Brazil’s finance minister proposes global tax on the super-rich at G20 meeting in Sao Paulo

Feb. 29, 2024 18:18 PM EST

RIO DE JANEIRO (AP) — Brazil’s finance minister told his peers Thursday at a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion. Fernando Haddad said tax evasion can be resolved through international...

A brazen iPhone scam in Iran reflects its economic struggles and tensions with the West

Feb. 29, 2024 00:33 AM EST

TEHRAN, Iran (AP) — With flashy celebrity ads and promises of deep discounts, a shop in Iran's capital had offered consumers in the Islamic Republic one of the hottest products in the country — an iPhone that came out in 2021. But instead of getting their hands on the handsets,...

White powder sent to judge in Donald Trump's civil fraud case, adding to wave of security scares

Feb. 28, 2024 17:39 PM EST

NEW YORK (AP) — White powder was found Wednesday in an envelope addressed to the New York judge who ordered Donald Trump to pay a $454 million civil fraud judgment. It’s the latest security scare involving people in key roles in the former president’s legal cases. A court...

Kansas City Chiefs superfan 'ChiefsAholic' pleads guilty to charges tied to bank robberies

Feb. 28, 2024 16:21 PM EST

KANSAS CITY, Mo. (AP) — A Kansas City Chiefs superfan known as “ChiefsAholic” pleaded guilty Wednesday to a string of robberies and attempted robberies of banks and credit unions in multiple states. Xaviar Michael Babudar, 29, pleaded guilty in federal court in Kansas City,...

A work-from-home tip: Don't buy stocks after eavesdropping on your spouse's business calls

Feb. 23, 2024 18:01 PM EST

HOUSTON (AP) — A word to the wise: If you overhear your work-from-home spouse talking business, just forget anything you may learn from it. And most definitely do not trade stocks using what authorities will almost certainly view as inside information. Tyler Loudon, a 42-year-old...

A money laundering watchdog removes the UAE, Uganda, Barbados and Gibraltar from a watchlist

Feb. 23, 2024 14:45 PM EST

PARIS (AP) — An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don't take full measures to combat money laundering and terrorism financing. The announcement was made by the Paris-based Financial Action...

Online fundraisers for violent West Bank settlers raised thousands, despite international sanctions

Feb. 23, 2024 06:30 AM EST

JERUSALEM (AP) — When the Biden administration imposed sanctions this month against Israeli settler Yinon Levi for allegedly assaulting Palestinian civilians in the occupied West Bank, his supporters quickly sprang into action. Within days, an online fundraiser collected over...