Latest Corporate crime News

US prosecutors allege bribes in 2018, 2022 World Cup votes

Apr. 7, 2020 12:29 AM EDT

NEW YORK (AP) — Prosecutors revealed new details of alleged bribes paid to FIFA executive committee members to gain their votes for Qatar to host the 2022 World Cup and charged a pair of former 21st Century Fox executives with making illegal payments to win broadcast rights for the 2018 and 2022...

This undated photo provided by the Dallas County Sheriff's Department shows William Neil Gallagher. Gallagher, a financial consultant and radio host who stole more than $20 million from investors, has been sentenced to 25 years behind bars after reaching a plea agreement with Dallas County prosecutors. Gallagher, pleaded guilty Friday, March, 10, 2020,to one count each of theft of more than $300,000, money laundering of more than $300,000 and securities fraud of more than $100,000. (Dallas County Sheriff's Department via AP)

Radio host gets 25 years in Ponzi scheme targeting listeners

Apr. 2, 2020 2:28 PM EDT

DALLAS (AP) — A Texas radio host and financial consultant who admitted to conning elderly listeners out of millions of dollars in a Ponzi scheme was sentenced to 25 years in prison. The sentence was imposed as part of a plea deal that William Neil “Doc” Gallagher, 79, agreed to on Friday with...

FILE - In this May 24, 2018 file photo, Venezuela's President Nicolas Maduro, right, walks with his Defense Minister Vladimir Padrino Lopez as they review the troops during a military parade at Fort Tiuna in Caracas, Venezuela. On Thursday, March 26, 2020, the U.S. Justice Department made public it has charged in several indictments against Maduro and his inner circle, including Padrino, that the leader has effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country. (AP Photo/Ariana Cubillos, File)

US indicts Venezuela's Maduro on narcoterrorism charges

Mar. 26, 2020 9:42 PM EDT

MIAMI (AP) — Nicolás Maduro effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country, the Justice Department charged in several indictments made public Thursday against the...

Group accused of impersonating Walmart execs, scamming $900K

Mar. 24, 2020 6:21 PM EDT

CHARLOTTE, N.C. (AP) — A group of North Carolina counterfeiters has been accused of impersonating Walmart corporate executives and scamming multiple stores in several states out of about $900,000, court documents said. The multicourt indictment unsealed this month by the U.S. attorney’s office in...

Prosecutors: Woman should owe $28M for defrauding investors

Mar. 23, 2020 1:20 PM EDT

GREENBELT, Md. (AP) — Federal prosecutors say an Israeli woman should be ordered to pay $28 million in restitution to thousands of investors who were defrauded in a scheme she orchestrated. Lee Elbaz, 38, was sentenced in December to 22 years in prison, but U.S. District Judge Theodore Chuang hasn’t...

FILE - In this July 4, 2017 file photo, Russian businessman Yevgeny Prigozhin is shown prior to a meeting of Russian President Vladimir Putin and Chinese President Xi Jinping in the Kremlin in Moscow, Russia. The Justice Department is moving to drop charges against some Russian companies that were accused of funding a social media campaign to sway American public opinion during the 2016 U.S. presidential election. (Sergei Ilnitsky/Pool Photo via AP, File)

Feds dropping case for 2 Russian companies in troll probe

Mar. 16, 2020 10:29 PM EDT

WASHINGTON (AP) — The Justice Department is moving to drop charges against two Russian companies that were accused of funding a social media campaign to sway American public opinion during the 2016 U.S. presidential election. Prosecutors said they concluded that a trial, against a corporate defendant with...

In this photo provided by the Davis County Sheriff's Office shows Lev Aslan Dermen. Openings arguments are set Wednesday, Jan. 29, 2020, in Utah for a California businessman who prosecutors accuse of being a key figure in a $511 million tax credit scheme carried out by two executives of a Salt Lake City biodiesel company linked to a polygamous group. The men from the polygamous group pleaded guilty last year to money fraud and other charges and are expected to testify against Lev Aslan Dermen, who has pleaded not guilty. (Davis County Sheriff's Office, via AP)

Businessman found guilty in fraud scheme with polygamists

Mar. 16, 2020 6:35 PM EDT

SALT LAKE CITY (AP) — A California businessman accused of helping a pair of Utah polygamists expand a biodiesel fraud scheme that ended up stealing nearly $500 million in government funds was found guilty Monday on 10 counts including money laundering and mail fraud. The verdict against gas station owner...

New trial ordered for ex-US Army colonel in bribe scheme

Mar. 11, 2020 4:28 PM EDT

BOSTON (AP) — A federal judge ordered a new trial Wednesday for a retired U.S. Army colonel convicted of bribing Haitian government officials, saying his lawyer failed to adequately defend him. Joseph Baptiste, of Fulton, Maryland, was convicted by a jury in June of soliciting bribes from undercover...

In this April 3, 2019, photo, Lori Loughlin, left, arrives at federal court in Boston with her attorney Sean Berkowitz to face charges in a nationwide college admissions bribery scandal. Berkowitz, a former federal prosecutor, has a reputation for being fearless, yet cool-headed and a master at navigating complex cases. (AP Photo/Steven Senne)

Loughlin, Giannulli lawyer is prosecutors' 'worst nightmare'

Mar. 11, 2020 2:24 PM EDT

BOSTON (AP) — After winning guilty verdicts against top Enron executives in one of the most high-profile cases of corporate fraud, the lead prosecutor declared: “No matter how rich and powerful you are, you have to play by the rules.” More than a decade later, that same lawyer, Sean...

FILE - In this April 12, 2017, file photo, Delegate Cheryl Diane Glenn, a Baltimore Democrat who chairs the Legislative Black Caucus of Maryland, speaks during a news conference in Baltimore. Baltimore businessman Lance Andre Lucas pleaded guilty Monday, March 9, 2020, to two federal charges stemming from bribes totaling $42,500 that he paid to a former state lawmaker while she was still in office. Lucas pleaded guilty to federal honest services wire fraud and a travel act violation, admitting to bribing former state Del. Glenn. (AP Photo/Brian Witte, File)

Baltimore businessman admits to bribing former lawmaker

Mar. 9, 2020 5:29 PM EDT

BALTIMORE (AP) — A Baltimore businessman pleaded guilty Monday to two federal charges stemming from bribes totaling $42,500 that he paid to a former state lawmaker while she was still in office. Lance Andre Lucas pleaded guilty to federal honest services wire fraud and a travel act violation, admitting to...