Latest Corporate crime News
Fed official broke ethics rules but didn't violate insider trading laws, probe finds
WASHINGTON (AP) — A government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies. The Fed rules violations “created the appearance” that Bostic acted on...
Florida law enforcers are investigating the state's abortion ballot initiative. Here's what to know
TALLAHASSEE, Fla. (AP) — State police in Florida are showing up at the homes of voters who signed a petition to get an abortion rights amendment on the ballot in November as part of a state probe into alleged petition fraud. Republican Gov. Ron DeSantis has defended police...
Former Lebanon central bank chief to remain in jail while facing corruption charges
BEIRUT (AP) — A Lebanese judge ruled Monday that the country’s former central bank chief will remain in jail while facing charges of embezzling tens of millions of dollars from state coffers. Lebanon’s Financial Public Prosecution division charged Riad Salameh last week with...
Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino
LAS VEGAS (AP) — Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property. The publicly traded company said a...
The New Jersey developer convicted with Bob Menendez pleads guilty to bank fraud
NEWARK, N.J. (AP) — A New Jersey real estate developer convicted alongside Democratic Sen. Bob Menendez this summer pleaded guilty to a separate bank fraud charge, prosecutors said Thursday. Fred Daibes, 67, entered the plea in U.S. District Court in Newark, the U.S. Attorney's...
US widens indictment of Russians in 'WhisperGate' conspiracy to destroy Ukrainian and NATO systems
BALTIMORE (AP) — The U.S. Justice Department has widened its indictment of Russians in the so-called WhisperGate malware attacks aimed at destroying computer systems in Ukraine and 26 NATO allies including the United States. A superseding indictment announced Thursday names five...
Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe
BEIRUT (AP) — Lebanon charged its embattled former central bank governor Wednesday with the embezzlement of $42 million, three judicial officials told The Associated Press. Riad Salameh, 73, was charged by the Financial Public Prosecution a day after he was detained following an...
Former aide to 2 New York governors is charged with being an agent of the Chinese government
A former aide to two New York governors was charged Tuesday with acting as an illegal agent of the Chinese government who used her state positions to subtly advance Beijing’s agenda in exchange for financial benefits worth millions of dollars. Linda Sun, who held numerous posts in...
Ex-official in Mississippi is treated for gambling addiction amid embezzlement charge, lawyer says
JACKSON, Miss. (AP) — A former tax assessor and collector in north Mississippi checked into a residential treatment center for a gambling addiction after he called the state auditor's office and confessed to misusing more than $300,000 in public money, his attorney said Tuesday. ...
Prosecutors drop fraud case against Maryland attorney
Federal prosecutors have dropped their criminal case against a Maryland attorney whom they accused of engaging in a scheme to fraudulently access more than $12.5 million in Somali government assets from financial institutions. U.S. District Judge Paula Xinis on Friday granted...
