Latest Corporate crime News

Former pharma executive charged with embezzling millions

Dec. 06, 2021 15:59 PM EST

NEWARK, N.J. (AP) — A former executive and owner of a pharmaceutical company embezzled millions of dollars from his company to use for personal expenses, the U.S. attorney's charged in a criminal complaint released Monday. John Klein allegedly took about $3.9 million from a...

Indiana man gets 30 months in prison for defrauding employer

Dec. 03, 2021 11:12 AM EST

INDIANAPOLIS (AP) — A central Indiana man has been sentenced to 30 months in federal prison after pleading guilty to stealing $270,000 from an ophthalmology practice where he worked through a fraud scheme. A federal judge also ordered Joshua D. Millspaugh, the former...

Maryland man pleads guilty to bank fraud conspiracy

Dec. 03, 2021 08:40 AM EST

BALTIMORE (AP) — A Maryland man has pleaded guilty to his role in a bid to victimize businesses and cause losses totaling more than $4 million through a stolen check scheme. The U.S. Attorney's Office for Maryland says in a news release that Oyekanmi Oworu, 35, of...

Former pharma exec, publicist charged with insider trading

Dec. 02, 2021 17:09 PM EST

NEWARK, N.J. (AP) — A former executive and and a former communications director at a New Jersey-based biopharmaceutical company used nonpublic information to illegally profit on sales of the company's stock shares, according to a federal criminal complaint unsealed Thursday. ...

Puerto Rico mayor pleads guilty in federal corruption case

Dec. 02, 2021 10:11 AM EST

SAN JUAN, Puerto Rico (AP) — A prominent mayor in Puerto Rico accused of awarding 50 contracts worth nearly $10 million to an asphalt company has pleaded guilty to conspiracy to commit bribery and receive kickbacks, federal officials said Thursday. Félix Delgado, who...

German prosecutors probe alleged tax evasion by tax advisers

Nov. 30, 2021 11:22 AM EST

German investigators searched offices of accountancy firm PricewaterhouseCoopers and the homes of current and former employees Tuesday in a probe of alleged tax evasion by tax advisers. The searches took place at offices in Frankfurt, Berlin, Duesseldorf, Hannover and...

German police smash cocaine ring accused of smuggling tons

Nov. 30, 2021 07:49 AM EST

BERLIN (AP) — German investigators said 14 suspects were arrested Tuesday in an investigation of a gang accused of bringing nearly five metric tons (5.5 U.S. tons) of cocaine from South America to Germany. The investigation was triggered by the seizure in a shipping...

Eastern Shore seafood company fined for visa fraud

Nov. 25, 2021 10:19 AM EST

SECRETARY, Md. (AP) — A company that processes seafood and produces ice on Maryland's Eastern Shore has been fined $240,000 for visa fraud related to the employment of temporary workers. The Baltimore Sun reported Wednesday that the owner of Capt. Phip’s Seafood Inc.,...

Prime Automotive settles suit, selling dealerships for $880M

Nov. 24, 2021 09:14 AM EST

BOSTON (AP) — Massachusetts-based Prime Automotive Group has signed a $30 million settlement with ex-CEO David Rosenberg, who was fired after raising concerns about financial wrongdoing. The settlement last week cleared the way for Group 1 Automotive Inc. of Houston to...

Juul to pay $14.5 million to settle Arizona vaping lawsuit

Nov. 23, 2021 21:05 PM EST

PHOENIX (AP) — E-cigarette giant Juul Labs will pay Arizona $14.5 million and vowed not to market to young people in the state to settle a consumer fraud lawsuit. The settlement announced by Attorney General Mark Brnovich Tuesday is the second Juul has reached with...